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Samsung Pay and Naver Pay unites ahead of Apple’s entry in South Korea
Samsung Electronics collaborated with Naver Financial on 20 February 2023, to promote mobile payment experiences. After the Naver Pay partnership, Samsung Pay users will surely enjoy an enhanced online payment experience.
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The company signed an official agreement at the Naver 1784 office building in Seongnam, Gyeonggi Province. Both companies began collaborating in the field of payment and wallet, promising to continue cooperation to provide users with a more convenient digital life.
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Naver Pay is one of the best offline payment services in Korea. Through its partnership with Samsung Pay, users will be able to use a simple payment method at merchants (including 550,000 Naver Smart Stores) to order at Naver Pay online through Samsung Pay. The offline payment experience of Naver Pay users will be further improved.
Naver Pay users will be able to use Samsung Pay’s MST (Magnetic Secure Transmission) payment method to use Naver Pay offline payments at all offline merchants that accept Samsung Pay for payments nationwide.
The two companies plan to accelerate the collaboration so that each service can be implemented in the first half of this year. In the future, the company continues to seek various ways of cooperation to provide users with a better digital life.
Jini Han, vice president of the digital wallet team at Samsung Electronics’ MX division said
“Through collaboration with Naver Pay, Samsung Pay users can now enjoy a convenient mobile payment experience both offline and online. We will provide a better user experience.”
Counterpoint Research predicts Wear OS will lead 27% market share in 2024. The growth of Wear OS is highly powered by Samsung apart from Google and newcomers. Meanwhile, HarmonyOS is also growing in mainland China, expected to seize 61% market.
According to the report, Samsung, Google, OnePlus, OPPO, and Xiaomi will drive Wear OS volumes. In the global market, non-WatchOS shoppers prefer Wear OS, while HarmonyOS in China. Accordingly, the Wear OS share outside China will climb to 27% this year.
Samsung Galaxy Watch has a large share of the overall Wear OS market. Google is also expanding its footsteps in the segment, with the third iteration of Pixel Watch coming later this year. Rumor is that an affordable Pixel Watch 2a might also be introduced.
Don’t Miss | Roaring HarmonyOS watch growth is a potential threat to Samsung!
OnePlus recently launched its new Wear OS watch at premium pricing and long-lasting battery as a key selling point. Samsung is also expected to launch a new set of watches powered by Wear OS in the second half, pushing the growth momentum further.
Image: Counterpoint Research
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Samsung commences the “Open always wins” campaign given the 2024 Paris Olympic and Paralympic Games. Besides, the company announced the grand opening of its Olympic Rendezvous @ Samsung | Champs-Elysees 125 showcase.
The company’s ‘Open always wins’ message expresses its belief that openness enables new perspectives and infinite possibilities. As announced in January 2024, it will serve as the heart of its Paris 2024 Olympic and Paralympic programming.
Olympic rendezvous @ Samsung | Champs-Elysees 125
This showcase will take Olympic and Paralympic Games fans on an epic journey to Paris 2024 through iconic experiences. Participants will get to relive the biggest highlights of Games past with Galaxy and explore Samsung’s latest innovations like Galaxy AI.
Located at 125 Avenue des Champs-Élysées, Olympic Rendezvous @ Samsung will open its doors to the public on May 3 and run until October 31. It will be open to anyone who wants to immerse themselves in the Olympic and Paralympic Games Paris 2024.
Team Samsung Galaxy skateboarder
Samsung’s campaign launched today comes with ‘Open always wins’ to life through the stories of Team Samsung Galaxy skateboarder Aurélien Giraud (France), Para sprinter Johannes Floors (Germany), and breakdancer Sarah Bee (France).
Image: Samsung Newsroom
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Samsung will reveal the third-gen GAA applied in the 2nm (SF2) process at the VLSI Symposium 2024 BusinessKorea reports. The company will likely commence mass production based on its next-gen (2nm) fabrication process next year.
High production costs and economic downturn benefitted TSMC in 3nm products. Apple’s latest chip is fabricated on a 3 nanometer process node, while the latest Snapdragon chips still utilize 4nm tech. Meanwhile, Samsung aims for third-gen GAA to apply in the 2nm process.
Well, Taiwan’s TSMC is also targeting GAA technology for 2nm products. Faster adoption and production are expected to push Samsung Foundry to gain clients. Competitive pricing would also benefit it bringing back consumers like Qualcomm for Snapdragon.
Samsung GAA
Samsung’s GAA is a next-gen transistor technology, which regulates and amplifies or switches off the flow of current within a semiconductor. It features a redesigned transistor architecture to overcome problems like current flow in smaller semiconductors to improve power efficiency.
Image: Samsung Semiconductor Newsroom
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