Samsung Pay, the South Korean electronics giant's mobile payment and digital wallet service, has officially turned one in the US. Samsung claims that its mobile payments platform now supports 500 banks in the US, which represents over 80 percent of the credit card and debit card market in the country.
To celebrate Samsung Pay's first anniversary, Samsung has added an in-app service to search, store, and redeem coupons. Samsung has tied up with Coupons.com to integrate the new service. The company also talked about the new cloud storage feature that lets users restore gift cards, membership cards and Samsung Reward cards when they sign into a new device.
Samsung is also offering Samsung Pay users over $100,000 in prizes as a part of this celebration. The company has announced that 365 lucky winners would be eligible to receive a free Gear S2 smartwatch, which is now compatible with Samsung Pay using its NFC feature.
