It has been long rumored for months that Samsung is working on a toned down version of the Samsung Pay and will release the new service this week. Now keeping to its promise, the South Korean tech company has indeed officially unveiled the Samsung Pay Mini and it will be released some time on the first quarter of the year.

What Is The Samsung Pay Mini?

The Samsung Pay Mini is a new service from Samsung that enables its users to pay stuff online using their smartphone or smartwatch. They will also be able to use some of the Samsung Pay services through the Samsung Pay Mini including lifestyle, membership and transportation.

One thing that makes this new online pay service much better than the Samsung Pay is that it is not limited to Galaxy smartphones. As long as the Android smartphone has a 1280 x720 pixel resolution or higher than Android 5.0 Lollipop, it will work perfectly fine. Samsung did also mention that they have integrated a new shopping and rewards service on the Samsung Pay Mini for its customers in South Korea.

The Samsung Pay Mini's Features Are Limited

The downfall of the Samsung Pay Mini is that offline payments are not possible. If users don't want this, they can always switch back to the Samsung Pay, but will need a compatible Samsung device.

Another Limit Of The Samsung Pay Mini

Unfortunately, the Samsung Pay Mini will only be available in South Korea. When asked if the new online pay service will be open to other markets, Samsung did not comment on it.

And ahead of the official launch of this new pay service, Samsung is reported to conduct a pre-trial test on Feb. 6 using the Samsung Card in South Korea. With this card, the owner will have access to download the trial version of the Samsung Pay mini from the Google Play Store.