Samsung has indicated its mobile payment service will not launch over the summer months as planned.
Instead, Samsung Pay will get off the ground in the U.S. and Korea in September. The company confirmed the delay in a call Wednesday with investors. Samsung Pay was announced in March and will initially be available to the Galaxy S6 and S6 Edge smartphones.
It supports both NFC and magnetic payment terminals, which means it should be more widely available than either Apple Pay or Android Pay, which are limited to NFC terminals. Samsung didn’t provide a reason for the delay. The company said Samsung Pay will expand to Europe, China, Australia, and South America, as well as other high-end Samsung devices, later in the year.
