{"id":22760,"date":"2025-07-20T01:54:11","date_gmt":"2025-07-20T01:54:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/22760\/"},"modified":"2025-07-20T01:54:11","modified_gmt":"2025-07-20T01:54:11","slug":"at-3-samsung-pays-us-market-share-is-far-behind-apple-pay","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/22760\/","title":{"rendered":"At 3%, Samsung Pay&#8217;s US market share is far behind Apple Pay"},"content":{"rendered":"<p><a href=\"https:\/\/www.sammobile.com\/tag\/samsung-pay\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Samsung Pay<\/a> (Samsung Wallet) may enjoy a dominant market share in the company&#8217;s home country of South Korea, but it faces a tough competition in one of the most lucrative markets, the United States.\n<\/p>\n<p>A new report indicates that despite a 42% share in the South Korean market, Samsung Wallet continues to lag Apple Pay by quite some margin in the US with its meagre 3% market share. <\/p>\n<p>\nSamsung Pay has room to grow in the US\n<\/p>\n<p>According to the <a href=\"https:\/\/www.etnews.com\/20250716000230\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">report<\/a>, Samsung&#8217;s payment platform dominates its local market with a 42% share. Other local competitors like Kakao Pay, Naver Pay, and Toss account for 34% of the market combined. Samsung Pay is the clear leader in its home country.\n<\/p>\n<p>It also enjoys a significant market share elsewhere, sitting at 16% in South Korea, 9% in the United Arab Emirates, 6% in Brazil, 4% in Australia, Canada, France, and Spain, and 3% in the United States.\n<\/p>\n<p>On the other hand, Apple Pay commands a dominant position in its local market, accounting for over 50% of the market. It&#8217;s unsurprising as the US is one of Apple&#8217;s strongest markets.\n<\/p>\n<p>There&#8217;s also significant competition in the mobile wallet space with several third-party options like Venmo, Google Pay, Cashapp all competing for a slice of the market in addition to the digital wallet services offered by banks. <\/p>\n<p>So 3% is a decent point to be at for Samsung Pay but there&#8217;s certainly room to grow at least into the double digits.<\/p>\n","protected":false},"excerpt":{"rendered":"Samsung Pay (Samsung Wallet) may enjoy a dominant market share in the company&#8217;s home country of South Korea,&hellip;\n","protected":false},"author":2,"featured_media":22761,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[165,20491,74,21],"class_list":{"0":"post-22760","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-mobile","9":"tag-samsung-pay","10":"tag-technology","11":"tag-united-states"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/22760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=22760"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/22760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/22761"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=22760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=22760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=22760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}