Samsung Pay transactions hit $30m ahead of US launch
Samsung has announced that Samsung Pay has seen $30m in transaction volume in the first month of it being available in South Korea; it p?rocessed more than 1.5 million transactions in that period, with 10% of users having? used ?the service daily. Samsung Pay will now be launched in the US, to join the battle for the mobile payments space with Google's Android Pay and Apple Pay.? This article last month analsyed the differences between Samsung Pay and Apple Pay, and concluded that Samsung Pay should have an advantage over Apple's product in South Korea, due to its compatibility with the most popular phones in the country.

It only launched a month ago, but Samsung Pay has been used for more than $30 million's worth of transactions in South Korea, as the electronics giant prepares to open the service to U.S. users in a bid to challenge Apple in the mobile payments space.

In the month to September 20, Samsung saw 1.5 million transactions, with 10 percent of people using Samsung Pay daily, the company said on Wednesday.

Samsung Pay is the company's mobile payments system, which allows customers to store their card details in a "mobile wallet" and pay using their smartphone. The service is available on the Galaxy S6, S6 edge, S6 edge+ and Note5 phones, as well as the Gear S2 smartwatch—all devices that Samsung released this year.

The mobile payments space is heating up and Samsung Pay must compete with Apple's platform as well as , which launched in the U.S earlier this month.