Samsung Pay is Samsung’s new mobile payment system that was due to launch next month, although now it would appear that the service is delayed.
In a recent investor call, Samsung’s Rhee In Jong revealed that Samsung Pay will launch in September, Samsung had previously said that their new mobile payment system was coming in July.
Samsung Pay is based on LoopPay a mobile payments company that Samsung purchased earlier in the year for around $250 million.
The company previously said that their new mobile payment system would launch in South Korea and the US when it is released, with more countries to follow.
At the moment Apple’s mobile payment system is only available in the US, although they are expected to announce a roll out to more countries at WWDC 2015 next week.
If the Samsung Pay service has been delayed until September then it could launch with Samsung’s new flagship Phablet, the Samsung Galaxy Note 5 which is rumored for a September launch. As soon as we get some more details on the exact launch date of Samsung’s new mobile payment system, we will let you guys know.