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Samsung reaches agreement with Shinsegae on mobile payment servicesBy Kim Young-won
Published : July 11, 2016 - 10:42
Things will likely change soon as the two have reportedly reach an agreement.
“After lengthy negotiations, the two companies have been able to find middle ground in making Samsung Pay available at Shinsegae affiliates,” an official from the retail giant was quoted by a news outlet as saying.
The group runs Shinsegae Department Store, and E-mart and owns a license to operate US coffeehouse chain Starbucks’ stores in Korea.
The official said the exact schedule for making Samsung Pay available at Shinsegae stores will be further discussed until next month, and that SSG PAY, a mobile payment solution run by Shinsegae, will also likely be available at Samsung affiliates.
Samsung and Shinsegae, which have had close business ties for years, have recently been in a tug-of-war over the adoption of mobile payment systems.
By Kim Young-won (firstname.lastname@example.org">email@example.com)
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