Joining the ‘go digital’ Samsung on Wednesday launched Samsung Pay the company’s flagship mobile payments service in India. Apart from allowing users to simply tap and ‘pay on the go’ using their registered cards, Samsung Pay has integrated digital wallet ‘Paytm’ as well as into its app. The integration of Samsung Pay is in line with Samsung’s ‘Make for India’ commitment.
“Samsung Pay is an example of how we continue to push the boundaries of innovations to make life simpler and better for consumers. I am confident Samsung Pay will redefine digital payment and contribute to digital India”, said H C Hong, President and CEO, Samsung Southwest Asia.
Samsung Pay across the Globe
With its launch in India, Samsung Pay is now available in 12 global markets including South Korea, The United States, China, Spain, Singapore, Australia, Brazil, Russia, Thailand, Malaysia, and Puerto Rico.
Payments through Samsung Pay can be accepted at all places where a physical card will work. We need to open the Samsung Pay app on the compatible phone, select the card, authenticate using a fingerprint or PIN and bring the phone close to the PoS terminal. It works with Samsung’s patented Magnetic Secure Transmission (MST) technology as well as with Near Field Communication (NFC). Samsung MST or NFC technology will send signals to the PoS machine to complete the transaction.
Samsung Pay partners include Axis Bank, HDFC Bank, ICICI Bank, SBI Cards, Standard Chartered Bank and Citibank and payment gateways are linked with Visa, MasterCard and American Express.
Devices supporting Samsung Pay
Samsung Pay is available on Galaxy S7 edge, Galaxy S7, Galaxy Note 5, Galaxy S6 edge plus, Galaxy A5 (2016), Galaxy A7 (2016), Galaxy A5 (2017) and Galaxy A7 (2017). Soon it will be available on the Samsung Gear S3 Smart watch, allowing users to pay with just the movement of their hand.
This is surely a big and a good step by Samsung towards the making of ‘Digital India’.