FinTech Digest: Samsung Pay Launches Trial Service, BLender Raises $5M, Bitcoin Transactions Up Over 500% in Latin America

South Koreans get a first look at Samsung’s new mobile payment solution, P2P lending company BLender secures new funding, BitPay reports huge spikes in Bitcoin transactions in Latin America, and more top stories from this week in FinTech.

Korea Gets a First Look at Samsung Pay

On July 16, Samsung announced the launch of a trial service of its mobile payment solution Samsung Pay for select customers in Korea. The official rollout is expected later this year. PYMNTS reports:

“According to Samsung, the technology available in Samsung Pay works with both near field communication (NFC) as well as traditional magnetic stripe card readers. This compatibility puts Samsung Pay in a good position with merchants because they will not have to upgrade payment terminals in order to accept contactless payments, which may see Samsung