Financial Supervisory Service "Samsung Pay is a public good" halts paid service

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This is a partial quote from an article in Electronic Times.

https://v.daum.net/v/20260325160307443

https://www.etnews.com/20260325000322


As Samsung Electronics pursues paid services for Samsung Pay, the Financial Supervisory Service has moved to apply the brakes. There are criticisms that the FSS does not raise issues about fees with Apple while excessively intervening in the fee structure of domestic operators.

According to a report from this newspaper on the 25th, the FSS recently summoned easy payment department heads from eight specialized card companies to share trends related to Samsung Pay fees. It was confirmed that the FSS requested them to report to financial authorities if Samsung Electronics demands authentication fees from card companies in the future. At this meeting, the FSS reportedly made remarks stating that "Samsung Pay has now become close to a 'public good.'"

The FSS plans to directly convey to Samsung Electronics its position not to impose fees. This is a move by the government to intervene in the pricing decisions of private platforms to block the introduction of fees altogether. The reasoning is that imposing authentication fees would lead to deteriorated profitability for card companies and the disappearance of customer benefits.

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