A bank inside the wallet: Woori’s Samsung Wallet push

Samsung Electronics’ partnership with Woori Bank over Samsung Wallet Money is shaping up as more than a simple mobile payments tie-up, signaling a broader shift in how banks position themselves in the evolving payments ecosystem. Woori Bank said Thursday that users of Samsung Wallet Money and Points — a service it operates exclusively for Samsung under a three-year contract — recently surpassed 2 million, about six months after its October launch. The service crossed 1 million users by December

By The Korea Herald