Samsung Pay launches in India: All you need to know

Samsung has launched the company’s digital payment service – Samsung Pay – in India. Currently available in 14 countries, Samsung Pay was initially launched in South Korea in 2015.
The service allows you to pay at retail stores simply by waving your Samsung smartphone near a cash register instead of swiping a credit or debit card or sharing your payment information. The service also integrates with Paytm, the leading mobile wallet in the country, and Unified Payments Interface (UPI).
Samsung Pay works with all regular swipe-based card machines which support NFC or MST (magnetic secure transmission). MST sends a magnetic signal from the smartphone to the payment terminal’s card reader to emulate swiping a physical card. Since there’s no hardware or software upgrade required to the payment terminal, one can expect quicker and seamless adoption and broad acceptance at retail stores.
Note that Samsung Pay doesn’t allow online payments, and can be only used for in-person, physical transactions. So, it’s not a replacement for other online payment services like mobile wallets or digital payments apps that are increasingly getting ubiquitous in the country following government’s push for a digital economy.

Partners

At the launch, Samsung Pay works with credit cards and debit cards issued by a handful of banks – Axis Bank, HDFC Bank, ICICI Bank, State Bank of India (only credit cards), and Standard Chartered Bank. The service has also integrated Citibank card holders apart from Visa, MasterCard, and American Express. The support for debit cards is handy since the former are more pervasive in India than credit cards.
The company has partnered with Axis Bank to facilitate payments via UPI and Samsung Pay also supports payments through mobile wallets, although at the launch, Paytm is the only service on board.

Supported Devices

Of course, Samsung Pay works only with top-tier smartphones from the company, and not across their portfolio which includes a big bunch of budget and mid-range smartphones that form the major share of devices sold in India.
At the moment, Samsung Pay works with select models in the Galaxy series. These include 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). And yes, Samsung Pay also works with Samsung Gear S3 smartwatch.

How to use Samsung Pay

Samsung Pay can be used for payments at retail outlets simply by waving your Samsung smartphone near a cash register. The service also accepts payments via QR codes – supporting UPI and Paytm through this method.
To make a payment, the user will need to fire the Samsung Pay app on the phone and once the vendor has entered the amount required to be paid on the POS machine, the payment needs to be authenticated through a PIN or user’s fingerprint on the app.

Comments

Post a Comment

Popular posts from this blog

Linktree’s free workaround lets you add multiple links to your Instagram bio

Image
Instagram only gives you one opportunity to link to outside resources inside its photo sharing platform. This might not be a problem for a majority of the users, but for those wanting a little more customization and even more options, it leaves much to be desired. Enter  Linktree , a free tool for Instagram designed to improve traffic to your outside link, be it a blog, portfolio, or store. How it works is fairly straightforward. After connecting Linktree to your Instagram profile, you’ll receive a single link to place in your Instagram bio. Once that link in place, you can customize what it’s linked to within your browser, be it a single website, or a collection of sites you’re looking to direct followers to Say you’re a photographer who’s using Instagram as a marketing tool for your wedding photography. Using Linktree, you can direct Instagram followers to your blog, your portfolio site, and even your other social media accounts. Until now, you would’ve been stuck c...
Read more

EVERYTHING WE KNOW ABOUT THE PIXEL 4, THE MOST-LEAKED PHONE EVER

Image
Google’s  Pixel 3 might have been the  most-leaked phone in history . Long before its unveiling, we knew practically everything about it from unboxing videos, photo comparisons, even a full review of the device. Surely, for the Pixel 4, Google would clamp down on leaks to leave some surprises for its debut on  October 15th , right? Let’s just say, if that was the plan, it didn’t exactly work out. We’ve now seen the Pixel 4 XL from every angle and in three different colors. At least seven different sources have touched this phone, many of them confirming the same specs. We not only know which cameras it’ll have, but also what they may be capable of, including air gestures (go figure). That doesn’t even count information Google has already shared  on purpose. So if you want to know almost everything about the Pixel 4 nearly a month before it’s announced, buckle up. We’ve sifted through all of the rumors and information we can find to compile everything we know —...
Read more

Stable Android 10 starts hitting the Galaxy Note10 and Note10+ (Update: Canada)

Image
UPDATE  1 : 2019/12/16 4:35AM PST Previous rollouts UPDATE  2 : 2020/01/06 2:15AM PST Canada Two weeks after the  Galaxy S10 line received its stable One UI 2.0 build , it’s time for the Galaxy Note10 and Note10+ to get the latest Android flavor. According to a report by  SamMobile , the two late-2019 Samsung flagships are receiving the Android 10 update in Germany, although the rollout is limited to a small group of beta testers. This stable release follows a  five-round beta testing  that concluded just a couple of days ago. Samsung is rolling out the stable build only to its beta testers in Germany to possibly look out for any major bug. Besides SamMobile, the confirmation also comes from  some Redditors  who got the update in Germany just a few hours back. The same Reddit users also mention that Google Pay remains broken even after installing this final Android 10 firmware, although it wasn’t immediately clear how widespread t...
Read more