Singapore is a market where contactless terminal coverage is essentially complete, meaning competition among mobile wallets is effectively competition over payment UX. Samsung Pay tokenizes cards onto Galaxy devices and authorizes payment via biometrics; it supports major Singaporean bank cards broadly and has expanded from offline NFC payments into in-app and web payments. The latest Galaxy devices operate primarily via NFC (the older MST method is being phased out), but in Singapore's fully built-out contactless infrastructure, this poses no practical limitation.

For Korean merchants whose channel shows a meaningful share of Galaxy device users, or who target consumers with an affinity for Korean brands, adding Samsung Pay on top of card payments can improve mobile checkout convenience. For app services that run in-app payments, a card-entry-free checkout flow can help reduce drop-off.

When a consumer selects Samsung Pay for an in-app or web payment, the payment is approved using the card tokenized and stored in Samsung Wallet, authenticated via fingerprint or other biometrics. The actual card number is never passed to the merchant. The transaction amount is generated in SGD; Hecto Financial receives and converts it locally, then settles it to the Korean merchant in the chosen currency—USD, KRW, or JPY.

Korean merchants can consider integrating Samsung Pay through Hecto Financial without a separate arrangement with Samsung Electronics or local card issuers. The scope of in-app and web payment support, along with fees, the settlement cycle, and currency options, varies by merchant conditions, so confirmation is needed before signing a contract.

• Business registration country

  Confirm contract eligibility for businesses registered in Korea

• Sales channel

  The integration method differs depending on whether sales are online-only or also include physical stores in Singapore

• Product categories

  Check in advance whether your business falls under a category restricted by Samsung Pay's merchant policies

• Local regulatory compliance

  Confirm compliance with Singapore's payment and foreign exchange regulations (see official sources below)

Samsung Pay transactions are tokenized card payments generating an SGD amount; Hecto Financial receives and converts it locally, then settles it to the Korean merchant in whichever currency—USD, KRW, or JPY—was contracted. The settlement cycle and fees follow the contract terms. Refunds are processed as a cancellation to the original linked card, and since turnaround times can vary by card issuer, it's advisable to build in extra buffer when communicating timelines to customers.

• Monetary Authority of Singapore (MAS)Official information on Singapore's payment systems and related regulations. Official sources take precedence if they differ from the content on this page.