Samsung Brings Wallet Money and Points to Its Digital Payment Platform

Samsung has announced two new services for its Samsung Wallet app on Galaxy phones in its home country, South Korea. The services are Samsung Wallet Money and Samsung Wallet Points. The goal is to make payments more convenient while providing benefits for customers. To celebrate the launch, the company has introduced special promotions for early users, allowing them to earn points for free.

You can earn points with every payment via Samsung Wallet Money

Samsung has partnered with Woori Bank to make payments safer and more reliable. Samsung Wallet Money is a mobile payment system that lets you pay without using a physical card. To add money to your digital wallet, you just need to link a bank account, which you can then use for everyday payments. Samsung doesn’t charge any fees when recharging the wallet via linked accounts. You can also make up to 10 free transfers per month.

Speaking of Samsung Wallet Points, it’s a rewards service that gives points when you make a payment using Wallet Money. The best thing is that you can use accumulated points for future payments. The app also features a Benefits tab, where you can earn extra points through attendance check, payment stamp event, and watching reward advertisements.

Furthermore, if you buy products through the Gift service with Wallet Money, you can earn points equal to 6.5% of the payment amount. Samsung says the first 500,000 customers can earn up to 6,000 points. This includes 1,000 points for registering for Wallet Points, 2,000 points for registering for Wallet Money, and 3,000 points for making their first payment.

“Samsung Wallet Money and Points are services designed to provide real benefits to customers who have loved Samsung Wallet for the past 10 years,” said Chae Won-cheol, head of the Digital Wallet Team at Samsung Electronics’ MX Business Division [machine-translated]. “We will continue to innovate to provide customers with more convenient payment options and richer rewards in their daily lives.”