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Samsung Pay may not remain free for credit card providers

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Samsung Pay

Samsung has notified all Korean credit card companies that it will no longer extend its free Samsung Pay service agreements with them. Similar to the recently entered Apple Pay, Samsung Pay will charge fees to credit card companies to continue usage.

According to the report, Samsung sent a letter to all Korean card companies, citing that the Samsung Pay service contract will not extend after August 10. This is the first termination notice that the company sent to providers in eight years since its debut in 2015.

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It came as a disaster for credit card providers as they have seriously promoted the use of Samsung Pay in the country in the hope that it will remain free always. Estimation suggests that Samsung Pay has 16 million users and the company wants to negotiate with card issuers.

However, it remains unclear whether Samsung will go for charging credit card issuers for Samsung Pay or not. This is because what Samsung Electronics has notified the credit card companies of so far is not that the OEM will charge fees for Samsung Pay unless the contracts are extended.

“There is no decision on charging fees for Samsung Pay yet,” a Samsung Electronics representative said.

If Samsung Electronics decides to charge for Samsung Pay, it seems inevitable that benefits for cardholders will be reduced. If Samsung Pay fees are added as new expenses, it will cut into credit card companies’ profits.

Government authorities said that while charging fees is a private and autonomous matter, it will intervene in the issue of credit card companies passing on related costs to consumers.

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James is the lead content creator on Sammy Fans and mostly works on Samsung's firmware section. His first phone was the Galaxy S4 and continues to get new S series devices. Most of the time, James tries to learn about new technologies and gadgets but he also sneaks a bit of free time to nearby rivers and nature.

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Will Samsung launch Slim variants of Galaxy Z Flip 6, Z Fold 6?

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Samsung Galaxy Z Flip 5 update September 2023 update US

Samsung might launch Galaxy Z Flip 6 Slim and Galaxy Z Fold 6 Slip GalaxyClub reports. While the company is marching towards its July Unpacked, rumors about new Slim models are surfacing now.

RossYoung hints that Samsung might introduce a Galaxy Z Fold 6 Slim. It could have a larger display than the regular phone and lack S Pen support. This variant could hit the market later this year in the fourth quarter.

The Z Fold 6 Slim is model-numbered Q6 Slim, while there’s also a B6 Slim. B6 is the model number of the upcoming Z Flip 6, with Slim also expected. These rumors point out that the affordable foldables might be Slim.

At present, we don’t have any idea of the specifications of the Slim foldables. Earlier, it was reported that Samsung was heavily shocked by the reduced thickness of foldable phones released by Chinese vendors specifically Huawei.

It looks like the Korean tech giant has decided to trim some key specs in order to make foldables thinner. Those who want pro-grade specs would have option to go for strategic models, while Slim variants would extend the choice.

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Samsung struggles in Nvidia HBM test: Reuters

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Samsung HBM3E Nvidia approval

Samsung is facing difficulties in passing the Nvidia HBM test Reuters reports. The report says that Samsung has not yet passed Nvidia’s tests for high-bandwidth memory. Issues with heat and power consumption are reportedly the major reasons.

Since last year, Samsung has been facing issues passing Nvidia HBM tests for HBM3 and HBM3E. Meanwhile, the South Korean tech giant responded (via Reuters), “The testing is still ongoing, and final results have not been determined.”

Last month, Nvidia failed Samsung’s 8-stack and 12-stack HBM3E chips. However, the testing is still running and the company may get more chances to get its chips passed. In case the company fails to pass the HBM test, it will lag behind its competitor SK Hynix.

HBM is a key player in the booming popularity of artificial intelligence. This semiconductor stacks DRAM layers to dramatically increase data capacity and processing speed. Currently, SK Hynix and Samsung Electronics have been sharing the market.

Analysts also say that SK Hynix, which developed the first HBM chip in 2013, has spent far more time and resources on HBM research and development than Samsung over the past decade, accounting for its technological edge.

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iFixit ends Samsung collab, Repair Hub to shut next month

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Samsung Galaxy Z Fold Flip 5 iFixit self-repair

iFixit made a surprising announcement, breaking its repair ties with Samsung next month. The company says that a number of reasons are behind the termination of this collaboration. Two years after servicing Galaxies, iFixit will stop selling original spare parts next month.

Samsung allegedly creates problems for independent repair services. Consumers purchasing original spare parts from Samsung are required to submit their name, contact details, home address, IMEI number, and defect details for every repair carried out.

“It’s with a heavy wrench that we have decided to end our partnership with Samsung. Despite a huge amount of effort, Samsung’s approach to repairability does not align with our mission,” iFixit reports.

The Galaxy maker also requires repair service providers to purchase spare parts in large quantities. Service providers stay away from hefty purchases as Galaxy phones are often designed in such a way that spare parts have to be sold as a glued unit with several components.

Changes taking place starting June 1st, 2024:

  • Starting June 2024, iFixit will no longer be Samsung’s designated third-party parts and tools distributor.
  • iFixit will no longer have a quantity limit of seven Samsung parts per repair shop per quarter.
  • No existing information will be removed from iFixit, but it will not collaborate directly with Samsung to develop new manuals.
  • iFixit will continue to sell parts and repair fix kits for Samsung devices, sourcing OEM parts when available and clearly indicating whether parts are original or aftermarket.
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