Samsung will gradually expand sales to China, Europe, Australia and Latin America, Rhee In-jong, vice president of Samsung's mobile segment, said at an investors forum.
Samsung first introduced Samsung Pay in March when revealing the Galaxy S6 and S6 Edge smartphones for the first time. The company, however, then said the mobile wallet service will be available later in 2015.
Samsung Pay supports virtually all forms of payment, such as near field communication (NFC), magnetic secure transmission (MST) and barcode technologies. This could gine the S. Korean company an edge over competitive technologies.