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Samsung Launched its Digital Mobile Payment App Samsung Pay in India

Samsung Launched its Digital Mobile Payment App Samsung Pay in India
Samsung has launched a new digital Payment service app "Samsung Pay" in India, making it possible to store debit/credit card, digital wallets as well as UPI under one shed.

Samsung Pay offers a simple and secure way to make payment at various retail locations. The User needs to register their card details or wallet details once in this mobile app and further payment can be done using this app only. With the help of this app Samsung trying to eliminate the need to carry cash or cards in your wallet.

Samsung Pay supports all debit/ credit card in India, as well as it has integrated Paytm & Government's UPI Payment system too. Currently Samsung Pay accepts Visa card, MasterCard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Card and Standard Chartered Bank. Citibank India cards will be live on Samsung Pay shortly

Samsung Pay offers three level of security -fingerprint authentication, card tokenization and Samsung’s defense-grade mobile security platform Samsung KNOX. These three security mechanism makes this app a highly secure platform for making payments.

Samsung Pay is very easy to use, update or download the latest version of Samsung Pay App on eligible Samsung Galaxy Smartphone or Gear, open the Samsung Pay app and link their bank or Paytm or credit/debit card accounts. To launch Samsung Pay, from Samsung smartphone, select the card, authenticate using a fingerprint or PIN and bring the phone near the Point of Sale terminal.

Samsung Pay also allows the user to integrate PayTm accounts into Samsung Pay, after enabling PayTm user can pay via QR Code scanning, generating one-time codes for merchant payments and also do peer to peer money transfers as supported by PayTm. The Samsung Pay UPI solution is powered by Axis Bank and facilitates peer-to-peer (P2P) transfer of funds between bank accounts on a mobile platform instantly. This is an upcoming feature within Samsung Pay.

Samsung Pay works with Samsung’s patented Magnetic Secure Transmission (MST) technology as well as with Near Field Communication (NFC). MST replicates a card swipe by wirelessly transmitting magnetic waves from the supported Samsung device to a standard card reader. Through MST, Samsung pay will work seamlessly on a majority of Point of Sale terminals in India.

Flashing light on the launch, 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.”

Mr. Thomas Ko, Global GM of Samsung Pay said, “When we launched Samsung Pay, our goal was to enable consumers across the globe to make payments that are simple, secure and accepted almost everywhere. Over the past year and a half, this vision has evolved into building a complete digital wallet solution, allowing customers worldwide to not only make payments but also use membership and transit cards, receive deals and rewards and more,”

“Our insights show that convenience, security, and acceptance are seen by consumers as the most important influencers when choosing among different digital payment options,” said Mr. Asim Warsi, Senior Vice President, Mobile Business, Samsung India. “With Samsung Pay, we give our consumers the smartest way to make digital transactions by far. Samsung Pay is highly secure through the signature KNOX Platform, fingerprint authentication, and tokenization. We have partnered with major banks and card networks to give our consumers the widest range of choices, and are working on bringing more and more partners on board soon.”

Devices Supported by Samsung Pay Currently

Samsung Pay is currently available on Galaxy S7 edge, Galaxy S7, Galaxy Note 5, Galaxy S6 edge+, Galaxy A5 (2016), Galaxy A7 (2016), Galaxy A5 (2017) and Galaxy A7 (2017).as well as Samsung Gear S3

Watch How to Use Samsung Pay on Samsung Galaxy Smartphones & Gear S3 Video



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