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Samsung to launch fingerprint-based mobile payment system in South Korea by the end of the month

Samsung to launch fingerprint based mobile payment system in South Korea by the end of the month

Samsung SDS, an IT services subsidiary of Samsung Group, announced yesterday that it is planning to launch a simple fingerprint-based mobile payment system by the end of the month. Although the system will initially launch in South Korea, the company has also announced plans for a global roll-out. At the moment, it’s unclear if this mobile payment system will be a part of the Samsung Pay initiative, or if we’re talking about an independent service.

According to the South Korean media, Samsung’s biometric authentication system is the second in the world to have received certification from the Fast IDentity Online (FIDO) association. FIDO is an international coalition of companies that sets standards for biometric authentication systems, and its members include Microsoft, Google, Qualcomm, and PayPal.

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