Samsung SSNLF 5.00% has launched its contactless payment service, Samsung Pay, in Spain. This is the company’s first foray into the European payments market, giving the owners of devices such as the Galaxy S7 an extra use for their phone.
It also gives Samsung an edge over its rivals, Apple AAPL -0.78% and Google GOOG -0.51% , on the European mainland. So far, within the EU, Apple Pay and Android Pay are only available in the U.K.
Samsung Pay was already available in the U.S., China and South Korea.
