May 02, 2024

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[THE INVESTOR] Samsung Electronics said users of its mobile transaction system Samsung Pay are able to make payments at the country’s top theater chain CJ CGV as of Dec. 4.

While CJ CGV theaters accepted Samsung Pay in 2015 after the service was first launched, the two companies later suspended cooperation due to issues over discounts and points.

An official from the tech firm said through the agreement Samsung Pay can be used nearly everywhere in Korea except at some gas stations, express bus services and vending machines.

Payments through Samsung Pay at CJ CGV theaters are currently available only through offline purchases, but Samsung said the two are engaged in talks to use the system for online transactions as well.

The combined payments made through Samsung Pay came to 10 trillion won since its release as of August this year, with the number of active users here estimated at 6.44 million.

By Alex Lee and newswires (alexlee@heraldcorp.com)