Samsung today launched a new digital payments service in the country, called Samsung Pay, that hopes to bring debit cards, credit cards ...
Samsung today launched a new digital payments service in the country, called Samsung Pay, that hopes to bring debit cards, credit cards and wallets under one umbrella.
What is Samsung Pay?
It is a mobile payment service by Samsung India Electronics Pvt. Ltd. that allows you to pay for goods and services simply by waving your Samsung smartphone near a cash register instead of swiping a credit card or doling out your payment information.The official launch of the app comes around two weeks after Samsung introduced its mobile payment service for select users in India who signed up for its early access program.Samsung Pay is currently available in 14 countries including the US, China, Spain and Australia, with India and Sweden being the latest entrants. It was initially launched in August 2015 in South Korea.
Samsung Pay, a service that users of Samsung S7 Edge, S7, S6 Edge Plus, A series 2016 and 2017, and Note 5 users will get via a service update, will be available on Visa, Mastercard and Rupay payment cards. ICICI, HDFC, Standard Chartered, SBI, Axis bank cards will be supported, along with Paytm and Amex cards. UPI and CitiBank card support is also expected to become available soon.
Currently Samsung Pay works with select models of company’s line of Galaxy smartphones—Samsung Galaxy Note 5, Samsung Galaxy S7, Samsung Galaxy S7 Edge, Samsung Galaxy S6 Edge+, Samsung Galaxy A7 (2016 and 2017) and Samsung Galaxy A5 (2016 and 2017).
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