Samsung has officially launched the Samsung Pay mobile payment service for India which is helpful for doing online payments without the need of cards. Samsung has launched its payment service partnered with Visa, MasterCard and American Express, who act as gateways. The service is supported by all the major banks including Axis Bank, HDFC Bank, ICICI Bank, SBI Cards and Standard Chartered Bank cards, and will soon support Citibank India.
Talking to the press gathered at the launch, Mr. Asim Warsi, Senior Vice President, Mobile Business, Samsung India said
Our insights show that convenience, security and acceptance are seen by consumers as the most important influencers when choosing among different digital payment options, With Samsung Pay, we give our consumers the smartest way to make digital transactions by far.
If you want to try out Samsung Pay and if you have one of the device from the eligible device listed below then you need to follow the below mentioned steps:
The list of eligible Samsung Galaxy smartphone are Galaxy S7 edge, Galaxy S7, Galaxy Note 5, Galaxy S6 edge+, Galaxy A5 (2016), Galaxy A7 (2016), Galaxy A5 (2017) and Galaxy A7 (2017) currently.
- Select the card
- Authenticate using a fingerprint or PIN
- Bring the phone near the Point of Sale terminal
Samsung has not given much details about the integration with Paytm and UPI. Samsung Pay works with Samsung’s patented Magnetic Secure Transmission (MST) technology as well as with Near Field Communication (NFC). A majority of PoS terminals in India are MST enabled so Samsung says its services will work seamlessly with Samsung Pay.
Mr. HC Hong, President and CEO, Samsung Southwest Asia, said
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 payments and contribute to Digital India.
Samsung Pay will also be available on the Samsung Gear S3 Smartwatch shortly, allowing users to pay with just the movement of their hand.