Samsung Pay follows its main rivals Apple Pay and Android Pay to leverage the Australian market.
Making attempts to expand payments globally, Apple Pay has run into technical challenges, low consumer take-up and resistance from banks.
With millions of users all over the world, the mobile payments technology is expected to significantly change and improve the way we pay for products and services.
Google is extending boundaries for its Android Pay that will be soon supported by the largest banks in the UK.
Verizon dispels prior information and publishes official data that Galaxy S7 and S7 Edge will support Samsung Pay.
South Korean electronics company has taken further steps to promote its payments app, including a deal with one of the US biggest banks and a special offering for new customers.
However, the number of retailers and consumers using mobile wallets as a convenient payment option remains relatively small.
PayPal has released its Here Chip Card Reader in the US, which accept traditional magnetic swipes, chip cards and contactless payments, like Apple Pay and Android Pay.