Samsung Pay Launched in India

Samsung Pay Launched in IndiaTo make India a digital country many companies are making effort by launching new services. New initiate has been taken by Samsung; the company has officially launched its digital payment app” Samsung Pay launched in India”. Now all your payments can be done by using this all in one payment application, no Need to Carry Debit/Credit Cards with you while going out. Samsung mobile payment service will make your transactions easy. Almost all the major banks will function its operations with Samsung Pay Launched in India 2017.

From now no payment terminal is required because this application works on both MST (Magnetic Secure Transmission) and NFC (Near field communication). Every year, India is forming a new device to promote cashless transactions, now the launch of Samsung pay has brought a revolutionary change to make India digitalized.

To know about the entire details regarding this new digital app and How to use Samsung Pay in India, you have to read the information given below.

Samsung Pay Launched in India

The Samsung Pay service does not require any card swiping machine as required in case of debit cards, credit cards.  You just have to wave the card on a POS through your phone, no physical swiping is required.

How to activate Samsung Pay

To install the Samsung Pay App in your Android device, follow the below steps:

  • Ensure that you have Samsung Account added (Settings > Accounts > Add Samsung Account).
  • Hit on Samsung Pay icon to download and install the Samsung Pay app.
  • Setup Samsung Pay & start using the revolutionary way to pay.

Samsung Pay Supporting Smartphones

The list of compatible devices for Samsung Pay mobile payment solution that can access Samsung Pay services:

  • Samsung Galaxy S7
  • Samsung Galaxy Note5
  • Samsung Galaxy S7 Edge
  • Samsung Galaxy S6 Edge+
  • Samsung Galaxy A series 2016 and 2017

For Any Query Related To Samsung Dial: Samsung Customer Care Number

How to use Samsung Pay in India

  • To use this App in your Samsun Smartphone, first of all you have to link your card details and bank account on the app.
  • When the details are successfully saved in then you can make payments easily and fast without carrying cash and even your debit/credit cards.
  • To pay through your Mobile just take your Mobile closer to card swiping machine i.e. POS (Point Of Sale) machine (NFC enabled).
  • Then just enter your PIN or authentication is done using the fingerprint to make your payment done.
  • At last you will be received with a message as a notification of payment successfully done.

Samsung Pay supporting Banks

These are the banks that are going to support for Samsung Pay. Also it is said that UPI and CitiBank card support is soon expected to be available.

  • Axis Bank
  • HDFC Bank
  • ICICI Bank
  • SBI
  • Standard Chartered
  • American Express

At the event of Samsung Pay India launch, NITI Aayog CEO Amitabh Kant gave his opinion about this device and said that the new payment solution will help in making the formal economy in India. In our country around 86 percent of the transactions are done using cash. In comparison to its early access programme, Samsung Pay ropes American Express cards.

In simple terms, Samsung Pay supports both NFC and MST (Magnetic Secure Transmission) that permits the users to propel a magnetic signal from Smartphone to the payment terminal card reader.

Check Here: Samsung Format Codes

Statements By Officials:

HC Hong, President and CEO, Samsung Southwest Asia

“Samsung Pay is an example of how we continue to push the boundaries of innovations to make life simpler and better for consumers. I am confident Samsung Pay will redefine digital payments and contribute to Digital India.”

“The idea is that everything is part of the smartphone. With Samsung Pay, your debit cards, credit cards, mobile wallets will all be in one place. We have always supported Make in India, and with Samsung Pay we are doing meaningful innovation in India. We have worked closely with banks, payment gateways, card companies, and even mobile wallets in India”

Mr. Asim Warsi, Senior Vice President, Mobile Business, Samsung India

“Our insights show that convenience, security and acceptance are seen by consumers as the most important influencers when choosing among different digital payment options,”

“With Samsung Pay, we give our consumers the smartest way to make digital transactions by far. Samsung Pay is highly secure through the signature KNOX Platform, fingerprint authentication and tokenization. We have partnered with major banks and card networks to give our consumers the widest range of choices, and are working on bringing more and more partners on board soon.”

“When we studied attitudes towards mobile payments in India, we found some barriers in acceptance among the consumers. The barriers were around security, ease of use and acceptance. With Samsung Pay, we’ve tried to overcome most of these issues.”

Hope you have got all the information regarding Samsung Pay India Launch and now you can easily access this service in your device by following the steps given above. For any doubt ask us in the comment box below.

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