“Can Samsung's device ubiquity allow it to evolve Samsung Wallet from a payment tokenization layer into a full-stack consumer and B2B financial services platform embedded in every Samsung device?”
Samsung Pay launched in 2015 as a device-bound mobile wallet leveraging both NFC and proprietary MST technology to replicate magnetic stripe card payments at any terminal. By 2022 it merged with Samsung Wallet to become a broader digital credential hub—encompassing payment cards, IDs, boarding passes, and loyalty cards—effectively pivoting from pure payments to an all-in-one wallet OS. The embedded finance angle deepened in 2025 when Samsung began layering its own BNPL installment options directly onto existing credit cards and partnered with Slope for B2B deferred payment terms at Samsung Business checkout, signaling ambitions beyond wallet tokenization into credit origination.
Samsung Pay discloses Solarisbank as its banking provider, according to the Embedded Finance Index 2026.
Samsung Pay does not disclose a bank charter of its own; its banking services are provided through Solarisbank.
Samsung Pay processes payments through Samsung Pay (self-operated), Stripe (South Korea local processor integration) and Adyen (acceptance-side — Samsung Pay is a payment method on Adyen's platform).
Samsung Pay's lending and capital products are provided by Slope.
The Embedded Finance Index 2026 maps 3 layers in Samsung Pay's stack: Payments / PSP (Samsung Pay (self-operated), Stripe (South Korea local processor integration) and Adyen (acceptance-side — Samsung Pay is a payment method on Adyen's platform)); Banking / BaaS (Solarisbank); Lending (Slope, Samsung Wallet BNPL installment payments (consumer, existing credit cards), Samsung Business Financing — line of credit (30-second approval), Net 60/90 deferred payment terms at Samsung Business checkout (powered by Slope) and 1 other).
Samsung Pay is founded in 2015 and headquartered in Suwon, South Korea (Samsung Electronics Co., Ltd.); U.S. operations via Samsung Electronics America, Inc., Ridgefield Park, NJ.
Get a read on where your own stack stands against Samsung Pay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.