Samsung won’t launch Samsung Pay in the U.S. until later this summer, but the company is already looking to expand the service to other markets.
Samsung today said it has partnered with MasterCard and the two will together offer the service to financial partners and retailers across the continent. Samsung Pay can take advantage of two different technologies, including NFC and MST, for mobile payments. NFC-equipped terminals are still somewhat limited in the U.S., but magnetic stripe technology is available in most retail environments.
Samsung is already betaing the service in its home country of Korea. It is expected to arrive in the U.S. with the Galaxy Note 5, which Samsung is believed to be revealing at an Aug. 13 event.
Samsung Pay will also be made available to the Galaxy S6 and S6 Edge via software updates. Samsung didn’t say when it expects to launch Samsung Pay in Europe.
