Samsung Pay will not launch in the UK until 2017, despite the Korean company previously suggesting it would be available on these shores before the end of the year.
In a brief statement, Samsung said, “Following successful launches of Samsung Pay around the world, we are planning to launch the service in the UK in 2017.” No reason for the delay was given, but it’s thought that ongoing negotiations with banks and card providers are to blame.
The holdup won’t be a huge issue for Samsung smartphone owners, who can already take advantage of Google’s Android Pay system. However, those with Samsung smartwatches are unable to use their devices to make payments.
Samsung Pay offers a similar payment system to Apple Pay and Android Pay, but with one key difference.
It uses Magnetic Secure Transmission (MST) tech, allowing it work with older card machines which only recognise the magnetic stripes on debit and credit cards. This means that in theory it can work in more stores than its rivals, which require payment terminals with NFC.