Earlier today we reported that Apple is hoping to rapidly expand Apple Pay throughout Asia and Europe this year. Now we're learning that Samsung wants to shake things up for SamsungPay as well. According to a new Asian report "Samsung Electronics is releasing 'SamsungPay Mini' in next month at the earliest to increase percentage of online payments. It can be used on Android phones as well as iPhones."

The report further noted that yesterday IT and Financial sources confirmed that Samsung Electronics was going to commercialize a separate application called 'SamsungPay Mini' next month to strengthen their online payments business. Samsung Electronics has designed it so that cards can be registered in it and be used for online shopping malls or online stores.

A reason why Samsung Electronics is making an online-version SamsungPay is because current SamsungPay is being used mostly at offline stores. When SamsungPay Mini is installed, online payments will be automatically executed and it can be used by both mobile devices and PCs. After installing an application, a consumer can download many cards into this application after fingerprint certification or making an ID and a password.

While the SamsungPay Mini app for iPhones is likely more of PR and marketing move, it may have its place in the enterprise market. With Apple Pay working intimately with a secure enclave on the iPhone's A-X processor, Apple is unlikely to ever offer their fiancial service to the Android market.

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