Samsung Wallet shutting down June 30 to make way for Samsung Pay

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Credit: Florence Ion

The death of Samsung Wallet has a hard date. The company is killing off the service on June 30, with Samsung Pay set to rise from its ashes.

The Samsung Wallet site now has a shutdown notice, informing visitors of the bad news. However, the focus is shifting to Samsung Pay, which packs technology that will allow for non-NFC payment terminals to accept mobile payments.

The story behind the story: Samsung has big ambitions for Samsung Pay, touting it as more secure and superior to Google Wallet and Apple Pay. The key is making the process seamless enough so that pulling out your phone will be more convenient than taking out your wallet. Google is cooking up some type of alternative to Google Wallet dubbed Android Pay, which we'll be on the lookout for at Google I/O later in May.

The rise of Samsung Pay

The company does expect better results from Samsung Pay, which will launch first on the Galaxy S6 this summer. It uses a technology Samsung acquired from LoopPay that allows the phone to interact with any payments device. 

Even older machines that rely on swiping the card can talk to Samsung Pay, as the technology communicates a phantom swipe to the terminal. Currently Google Wallet and Apple Pay require NFC (Near Field Communications) transactions.

Here's the full announcement from Samsung:

Dear Samsung Wallet partner,

First of all, we want to thank you for being a part of Samsung Wallet for the last two years. Since our announcement at MWC and our launch in 2013 we have tried to make Samsung Wallet a successful service that would help users throughout their daily lives  and help our partners  reach their customers in new ways.

Unfortunately, the usage rate of Samsung Wallet was not  what anyone expected. One of our  company’s core values is to guarantee  the best user experience.  We feel today that we can no longer guarantee  this experience. This is why we have officially  decided to discontinue Samsung Wallet on June 30, 2015 in all counties. We greatly appreciate all your support and  enabling Samsung users to enjoy your content and service through Samsung Wallet.

l  Samsung Wallet will be discontinued as of June 30, 2015. At the same time, all features of Samsung Wallet will stop functioning.

l  Samsung Wallet partner portal (https://partner.wallet.samsung.com) will no longer be available

  • Your company’s information will be handled in accordance with our Privacy Policy.
  • Your Samsung Account will remain with no changes.

l  Samsung Wallet Open API will no longer be available

  • As of June 30, 2015, Samsung Wallet Open API will be out of service.
  • We highly recommend that you remove all buttons related to Samsung Wallet off of your App/Web properties (Load/Open/View  Samsung Wallet Buttons) so that users do not  get confused by clicking buttons after Samsung Wallet service termination.
  • We highly recommend that you discard the API, documents, and any other data related to Samsung Wallet API after Samsung Wallet service termination.

The schedule  for Samsung Wallet service termination is subject to change. We will keep you informed in such cases.

This  project was very insightful for us and will help us create better services in the future. We sincerely appreciate all your support once again.

Our Customer Support team (https://help.content.samsung.com/csseller) will be available to answer any questions or concerns you may have.

Best regards,

Samsung Wallet team

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