Apple Pay is going to compete head-on with Samsung Pay in South Korea

Apple Pay will finally become available in Samsung's home country of South Korea "in the coming months", in partnership with Hyundai Card, the credit card service unit of Hyundai Motor Group. The launch of Apple Pay will be interesting to follow, as it will go head to head with Samsung Pay in the latter's home market. Understandably, so far Samsung Pay has dominated the mobile payments space in South Korea, with a market share of around 80%. Last week, Korea's Financial Services Commission confirmed that credit card firms in the country are allowed to launch the Apple Pay service on...