Samsung Pay Goes Live in India India with PAYTM integrated.

The all new Samsung Pay – The official mobile payment app has been officially launched in India. Samsung Pay is a secure and easy-to-use mobile payment service. You can add the credit and debit cards of participating issuers/banks on your Samsung galaxy smartphones which allow you to make purchases almost everywhere.

What’s New!

Samsung Pay uses patented Magnetic Secure Transmission (MST) and Near Field Communication (NFC) to make contactless mobile payments. You can make payment with equal ease at the payment terminals that are NFC enabled and activated for use.

MST (Magnetic Secure Transmission) is Samsung’s patented technology. Through MST, merchants can accept payments on regular card machines which makes Samsung Pay the most widely accepted mobile payment service.

Integrated with PAYTM

 It is also integrated with PAYTM Wallet. You can use your mobile number to link you Paytm wallet. The Samsung Pay app will work as good as Paytm to scan QR codes to received and send money.

Bank Cards Supported to Load Money

Initially, Samsung Pay Early Access program is available with the Debit and Credit Cards of HDFC Bank, ICICI Bank, Axis Bank, Standard Chartered Bank and SBI (Only Credit Cards). These cards could be VISA or MasterCard. Samsung Pay is very soon going to associate with American Express and Citibank India credit cards.

Samsung Pay Supporting Devices

The all new Samsung Pay mobile app supports the devices listed here:

 

  • Samsung Galaxy S7 Edge –                                                                          
  • Samsung Galaxy S7 –                                                                                    
  • Samsung Galaxy Note 5                                                                              –
  • Samsung Galaxy S6 Edge + –                                                                        
  • Samsung A5 –                                                                                                   
  • Samsung A7 –                                                                                                    

Samsung Pay Supporting Devices

How to Start Using

You can get early access to Samsung Pay App by registering yourself with Samsung for this program. Only Samsung Galaxy Mobile users will be allowed to register for this program.

Security Feature

Samsung Pay uses advanced three-level authentication feature. The First is your biometric where you can lock the App with your fingerprints. In the second level, All transactions use a random token instead of the card number, which means the actual card information isn’t shared while paying and details stay safe and the final secure level is Samsung KNOX. With Samsung KNOX, the phone is constantly monitored for vulnerabilities. Even if the phone is compromised, card information is still safely encrypted within a separate and secure data vault.

 

Samsung is going to feature the payment app with all new coming models. In my opinion, Samsung has done great by bringing the advanced technology of Mobile Payment App which uses the latest technology like MST (Magnetic Secure Transmission) where mobile devices securely transmits card details to EDC machine to charge the card and there is no physical card is required.

I hope you guys will love to read the above information.

Sources – Samsung

Reply

Visit Us On TwitterVisit Us On FacebookVisit Us On Google PlusVisit Us On Linkedin