Samsung Pay launched in India (Only for Early Access users)
Samsung has finally launched Samsung Pay in India. This service as of now is only available for users who have registered themselves in the Early Access program which was started a few days ago. As of now credit and debit cards of the Axis Bank, HDFC bank, Standard Chartered Bank, ICICI bank and only credit cards of SBI can be added and used by Samsung Pay. Citibank and American Express will be launched later. Paytm wallet too can be used with this service.
Since after the demonetization of Rs.500 and Rs.1000 currency notes on 8 November 2016, there has been a huge increase in digital and card payments. More and more transactions are getting cashless. Hence Samsung had been looking to launch its version of digital payments and get popular easily due to the effects of demonetization still in the air.
Samsung Pay is a digital mobile payment system used for making payments on NFC terminals or old and conventional swipe/insert card machines(MST machines). This ability to support both NFC terminals and MST machines puts it ahead of the competition by huge margin. India being a developing country, there may not be many willing merchants to upgrade their payment machines to NFC terminals due to cost. Hence Samsung Pay will prove to be useful in our country and widely be adopted. Android Pay and Apple Pay are also mobile digital payments service but only works with NFC terminals and only in few countries and few selected banks.
Only Samsung S7 Edge,S7,Note 5,S6 Edge+, A5(2016),A7(2016) are compatible for Samsung Pay. These devices received software updates last month which had brought the security patches(Android Nougat for S7, S7 Edge) and along with it the Samsung Pay app.
If you use any of the above devices, then you can register yourself for Early Access by clicking here and then check your mobile and launch the Samsung Pay app. Then follow the instructions and add the supported bank’s card. Also if you have an account with Paytm, you can add it to Samsung Pay too by entering your mobile number registered in Paytm.
For you to use Samsung Pay, swipe up from bottom at lock or home screen and select the required card. Authenticate the transaction using fingerprint or PIN. Then place your mobile to the NFC pad if it is a NFC reader or to the side of the MST machine. Then the cashier will use the machine as a normal transaction and you are done with the payment. It’s that easy.
Also do check out all you need to know about Samsung Pay from the video below.
Featured Image Source: Samsung Press