By getting into the remittance space, Samsung Pay could threaten established firms and digital players:
But Samsung Pay's remittance play could challenge both segments since it's set to offer digital remittance services and has a consumer base that already uses it for other payments processes, so they may prefer to use Samsung Pay since they're familiar with it. This could hurt other remittance players' ability to recruit consumers, so they need to invest in making it as easy as possible to start using their services to minimize Samsung Pay's appeal.
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