Customers of Shinhan and Woori banks in South Korea will now be able to use Samsung Pay to withdraw or send money at branch locations and ATMs starting Thursday.

Yonhap reports that these transactions will be secured by using the iris scanner on-board — found on Galaxy S8 and newer devices — for authentication to generate one-time keys. In theory, this should be more secure than using a four-digit PIN.

Samsung plans on expanding its support to other financial institutions.

Banks have only started to adopt mobile payment systems for access to ATM transactions — like Bank of America and Wells Fargo in the United States.

You May Also Like
Huawei Mate 30 Pro review

Huawei Mate 30 Pro review: the best phone you can’t get, and that’s OK

In our Huawei Mate 30 Pro review we’re trying to answer the question of whether the phone can survive without Google support, and should you buy it?

Companies could soon get licenses to sell to Huawei

Good news for Huawei: In a recent Bloomberg interview, Commerce Secretary W. Ross said he was optimistic about reaching a “Phase One” China deal this month.

The upcoming Moto Razr has been spotted in the wild, with a huge chin

It seems that the new Moto Razr is already being caught in the wild, with a huge chin, and there’s a picture to prove it