Provided you live in Korea.
More than 99.9 percent of people can’t go a single day without their mobile device in hand, but we can definitely forget our wallet or ATM card. Now imagine this happens and you need to use the ATM, Samsung has got you covered, provided you live in South Korea that is, but expect this futuristic feature to be the norm sooner than we think.
Samsung Pay will allow you withdraw money from an ATM even without your ATM card. Currently, this is only available in South Korea to Woori Bank, but Samsung says it will be expanding its mobile-payments service to Australia, Brazil, Canada, Singapore, Spain and the UK this year. No Nigeria, yet :(.
Asides from this futuristic feature, Samsung Pay has one feature that sets it apart from other “pay” solution, which is the ability to work with any type of POS, both the new and the traditional ones.
With a solution like this, I doubt if the smartphone adoption rate will go into extinction as predicted.