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​Samsung Pay to support ATM deposits in South Korea

Samsung Pay users will be able to deposit money at ATM machines in South Korea starting March 11, when sales of the Galaxy S7 and S7 Edge begin.
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Written by Cho Mu-Hyun, Contributor on

Samsung Pay will support depositing money into ATMs in South Korea when sales for the Galaxy S7 and S7 Edge begin March 11.

Those who own Samsung phones that support the mobile payment solution will be able to deposit and withdraw money from machines of Woori Bank, Shinhan Bank, KB Kookmin Bank, Industrial Bank of Korea, and NH Nonghyup Bank. They will be able to simply place their phones on the machine readers for each transaction.

Previously, users could only withdraw money from ATMs of Woori Bank.

Samsung is also to expand the online availability of the service. Consumers could use Samsung Card, KB Kookmin Card, and Lotte Card for online purchases previously, but NH Nonghyup Card, BC Card, and Hana Card are to be added.

The South Korean tech giant declined to comment on the global availability of the new features, and said more details will be unveiled after March 11.

The company announced last month that the service hit $500 million in transaction in the US and South Korea, and will launch in China this month.

Injong Rhee, executive in charge of Samsung Pay, told ZDNet in an interview that the solution will cover more and more commercial activities going forward.

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