Samsung Pay

Samsung has announced that its fledgling mobile payments service Samsung Pay now has over 5 million registered users.

Samsung has boasted of the success of Samsung Pay this weekend, although the service is currently only available in South Korea.

Korea electronics giant Samsung has announced that its Samsung Wallet service will be shutting down on June 30th as the company migrates to the upcoming Samsung Pay service.

According to a Samsung executive, the company's Samsung Pay mobile payments service is expected to launch in the second half of the year.