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Samsung Pay launched in India: All you need to know; Samsung has launched its mobile payment service Samsung Pay in India.
Samsung launched mobile payment service called Samsung Pay in India. Samsung (The South Korean giant) had opened early access registration on the Samsung Pay via website, but now users are getting access to the service.
Since the service is at an early stage and it is available with limited banks including Axis Bank, HDFC Bank, SBI, and Standard Charted and credit and debit cards from MasterCard and Visa. Samsung will be adding support for all banks including Citibank and American Express in the coming days. Users can also add their Paytm wallet accounts to the Samsung Pay app.
Also Read: Best Android Phones In India
Samsung Pay works on NFC and MST (magnetic secure transmission) to make wireless payments. All you need to tab the phone to the payment terminal, touch the fingerprint scanner for authentication, and you are done. There is a support for NFC, but I am not aware how many places in India will have support for NFC based payment solutions.
But the biggest limitation of Samsung Pay is. As of now, Samsung Pay is available on some devises like Galaxy Note 5, Galaxy S7, Galaxy S7 edge, Galaxy S6 edge+, Galaxy A7 (2016) and Galaxy A5 (2016). Both the Galaxy A7 (2017) and Galaxy A5 (2017) will support Samsung Pay.
Also read: Samsung Mobile Payments arriving to india
Samsung is the 1st company to launch a mobile payment service in India. When Apple CEO Tim Cook visited India (Last Year), he intends to launch Apple Pay in the country. However, there’s no update when Apple plans to introduce its mobile payment service, Apple Pay, in India. Other than Apple and Samsung, Google is yet another player that offers a mobile payment platform in the form of Android Pay.