Following a brief early access program, Samsung has launched its mobile payment platform, Samsung Pay, in India. At present, it’s only compatible with seven banks — AMEX, Axis Bank, Citi, HDFC Bank, ICICI Bank, State Bank of India and Standard Chartered — in the region, but support for other financial institutes should arrive in the not-too-distant future.
In an effort to encourage people with supported Galaxy-branded smartphones to register for the service, Samsung has teamed up with the National Payments Corporation of India and PayTM to provide users with the facility to make peer-to-peer (P2P) money transfers and pay for goods using QR codes from within the secure Samsung Pay application.
It’s expected to make its way to…
India is the twelfth country that Samsung Pay has been released in since its debut in South Korea back in August 2015. It’s currently also available in Australia, Brazil, China, Malaysia, Puerto Rico, Russia, Singapore, Spain, Sweden, Thailand and the U.S., and is expected to make its way to the Canada, Hong Kong and the U.K. later this year.
What we think of Samsung Pay
If you have an iPhone, you have Apple Pay. Android users, meanwhile, have Android Pay. Both are excellent platforms designed to make payments more convenient and more secure. But they’re small time compared to Samsung Pay, which just launched in the U.S. this week. It’s too bad not everyone can use this great new service, […]