Asian Currencies Steady as Markets Await U.S. Jobs Data 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
Heineken H1 Operating Profit Meets Forecast as Beer Volumes Beat Expectations 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
SanDisk Q4 Earnings Beat Estimates as Q1 Revenue Outlook Meets Expectations 
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
DBS Raises 2025 Outlook After Record Q2 Profit Driven by Wealth Management 
Novo Nordisk Raises 2025 Outlook Despite Wegovy Pill Miss and CagriSema Setback 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
US Stock Futures Hold Steady as Iran Hormuz Deal and Earnings Shape Market Sentiment 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
Samsung announced it would be expanding its digital wallet to reach more markets. The company created its own mobile payment and digital wallet service and officially named it the Samsung Wallet.
Samsung made the electronic wallet using LoopPay’s technology. It is a software company that was acquired by the Korean tech giant for $300 million in February 2015.
As per the report, Samsung Wallet was launched as a mobile wallet system in 2013, and it was later merged with Samsung Pay after it was introduced in 2015. At this time, Samsung Pay was already made available in the United States.
In any case, Samsung revealed in June 2022 that it had scrapped Samsung Pay and was permanently replaced by Samsung Wallet. The new digital wallet was then activated in more than 12 countries, including the United Arab Emirates, Qatar, Finland, Switzerland, and Norway.
This year, Samsung said it would be adding more markets to the list as part of its expansion strategy for this year. The company will be bringing its own brand of digital wallet to eight or more countries, and implementation is set to start at the end of this month.
The company mentioned these countries as locations for its latest expansion - Hong Kong, Singapore, Malaysia, India, Taiwan, Canada, Brazil, Australia, and Brazil. All in all, Samsung Wallet is now active in 12 nations and is expected to increase to 29 in the coming weeks.
“When Samsung launched Samsung Wallet last year, we committed to building the experience through open partnerships with our business and service providers and ensuring access to the platform for as many people as possible,” Samsung Electronics executive vice president and head of the digital wallet unit at eXperience Business, Jeanie Han, said in a press release. “Over the past several months, we have worked hard to rapidly expand the availability of Samsung Wallet, bringing the platform to more potential users. We look forward to sharing exciting new developments in the year ahead.”
