Samsung has finally launched Samsung Pay in India. The official launch of the app comes after two weeks Samsung introduced its mobile payment service for select users in India who opted for early access program.
User can not only tap and pay on the go using their registered cards, but Samsung Pay has also integrated Paytm and government’s Unified Payments Interface into the app. Samsung has created an exclusive digital payment ecosystem by partnering with a number of issuers and card networks that include Visa, MasterCard, American Express, , HDFC Bank, Axis Bank SBI Card ,ICICI Bank and Standard Chartered Bank. Citibank Indiawill be live on Samsung Pay shortly.
“Because Samsung Pay has all the cards (Visa, Mastercard), wallets like Paytm and UPI all integrated into one making things simple and secure at the same time, it is easily amongst the most revolutionary technologies in India right now,” said Amitabh Kant, CEO of Niti Aayog at the launch.
To access Samsung Pay, a user needs to swipe up on an eligible Samsung Galaxy smartphone, then select the card and authenticate using a fingerprint or PIN finally bring the phone near the Point of Sale terminal.
The app has three levels of security—fingerprint authentication, card tokenization and Samsung’s defense-grade mobile security platform Samsung KNOX making it highly secure.
Samsung pay works with both Samsung’s patented Magnetic Secure Transmission (MST) technology as well as with Near Field Communication (NFC) making it different from the competitors.
Samsung Pay is supported by selected phones of the Galaxy lineup, namely Galaxy S7, Galaxy S7 Edge, Galaxy Note 5, Galaxy S6 edge+, Galaxy A5 (2016), and Galaxy A7 (2016).
The mobile devices which are compatible with Samsung Pay would receive the app automatically on their devices through a software update; whereas new releases will have it pre-installed.
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Madhurima Goyal, From ITvoir News Desk