The platform of Korean mobile payments Samsung Pay registers more losses than gains in its first year of operation.
The platform of Korean mobile payments Samsung Pay, formerly known as LoopPay, has caused losses to Samsung Electronics in its first year of operation, calculating about 16.8 billion (20,167 billion Korean Won).
this loss has arisen in the first year of Samsung Pay, however, the Korean giant sees this platform as an investment that will strengthen thanks to the Galaxy smartphones. The audit revealed that during the 2015 lost 16.8 million dollars mentioned above and only won 4.12 million (4.956 trillion won); also has a debt of 23.6 million dollars (28,388 billions of won) and currently has a net worth of $ 10.5 million dollars (12.607 billions of Korean won).
It is important to note that Samsung bought LoopPay for $ 229 million, so the current value of the subsidiary falls far short of the price paid, although usability Samsung Pay is placed among the most popular.
Since its inception in August 2015, the platform has accumulated 500 billion in transactions and in February this year had already reached 5 million subscribers; this means that Samsung has successfully placed 5 million smartphones that have the mobile payment technology (among which would be the Galaxy S6, S6 edge, S6 edge Plus, Galaxy Note 5, Galaxy A5 and A7) between Korea and the United States , generating profits of around 2.49 billions of dollars, which is not anything wrong with the Korean giant.
with information ETNews
No comments:
Post a Comment