1. Are you ready for the Galaxy S20? Here is everything we know so far!
    Samsung reports a $16.8 million loss for Samsung Pay in 2015
    While Samsung Pay is supposed to make money for Samsung, the company has reported that its mobile payment service lost $16.8 million in 2015. While that pay sound like Samsung Pay is off to a rough start, Samsung isn't worried. Samsung Pay gives its flagship smartphones a competitive advantage over the competition and the service will likely turn profitable during 2016.
     
  1. overlordror

    overlordror Well-Known Member
    Phandroid Staff

    Not surprising, really. Any new tech like this is going to have massive start up costs related to getting people to adopt it. Look at it a few years from now to see how well it's doing.
     
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