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Samsung Pay begins funds trading service

2018/09/04 11:13

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SEOUL, Sept. 4 (Yonhap) -- Fund Online Korea Co. said Tuesday it launched services for the trading of investment funds via Samsung Pay, the country's top mobile payment tool.

The service allowed users to shop for a variety of funds at the Samsung Pay platform after a simple process of opening accounts, according to the firm.

"We are aiming at offering an easy, convenient and accessible investment channel," said company official Kim Seung-hyun.

"Trading funds via Samsung Pay does not require any certificate verification and making an investment with a small sum of money is possible," he added.

As the country's top mobile payment platform, Samsung Pay now has more than 12 million subscribers at home and is available in 24 countries across the globe.

Fund Online Korea is the country's first fund supermarket, which enables investors to buy a wide range of funds managed by different asset managers online all in one place.