Samsung today announced the launch of its mobile payments service, Samsung Pay in India. Samsung Pay is Simple and Secure, it can be used to make purchases almost everywhere you can swipe or tap your debit or credit card to make payments.
Also, Samsung Pay has integrated Paytm as well as the government’s Unified Payments Interface(UPI) into the app. Samsung has partnered with a number of issuers and card networks, the card network and issuer partners include Visa, MasterCard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Card and Standard Chartered Bank. Citibank India is a forthcoming issue and its credit cards will be live on Samsung Pay shortly.
Also Read: Why Samsung Pay Matters?
Samsung Pay comes with fingerprint authentication, adding an extra layer of protection, it also comes with card tokenization and Samsung’s defense-grade mobile security platform Samsung KNOX. To launch Samsung Pay, a user needs to swipe up on an eligible Samsung Galaxy smartphone, select the card, authenticate using a fingerprint or PIN and bring the phone near the Point of Sale terminal. 
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.
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). Samsung Pay will also be available on the Samsung Gear S3 Smartwatch shortly, allowing users to pay through their wearable device.
“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,” said Mr. Thomas Ko, Global GM of Samsung Pay.
With support for major bank, Paytm and UPI Integration support, we think Samsung Pay should be made available to all Samsung devices to fuel the service before Android Pay or Apple Pay makes way to India.
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