Samsung Pay Early access now available for India

[intrinsicreality]

From Samsung's website
What is MST?

[DOWN-POINTING SMALL RED TRIANGLE]

Magnetic Secure Transmission or MST, is a groundbreaking method of sending data using magnetic waves. MST replicates a card swipe by wirelessly transmitting magnetic waves from the supported Samsung device to a standard card reader. MST turns every card reader into a contactless payment receiver.

 

[Sarkar]

How is MST different from NFC bro?

 

[intrinsicreality]

How is MST different from NFC bro?

NFC only works with NFC enabled machines and is more modern and advanced while MST will work with regular machines.

 

[rahul1117kumar]

Samsung Pay now live in India

Samsung has soft launched its mobile payment service Samsung Pay in India, aiming to tap into an increased move towards digital payments in the country post demonetisation.

The service that enables consumers to make offline payments using its smartphone is currently being supported by some banks such as HDFC and ICICI and is available on a few premium devices, including the latest launched Galaxy A5 and Galaxy A7, the Samsung Pay website showed.

The move comes on the heels of demonetisation which lead to a surge in digital transactions, primarily mobile-based transactions using wallets and other instruments. Also, the government has been pushing digital payment services, and has also been keen that Samsung’s rival Apple taps India's growing appetite for digital transactions and expands its mobile payment and digital wallet platform Apple Pay to India.

Samsung India confirmed the development Tuesday and said that only initial sign ins have begun. Employees of the Korean smartphone major have been asked to begin using the service.

At present, Axis Bank, HDFC Bank, ICICI Bank and Standard Chartered support both debit cards and credit cards, while only State Bank of India's credit cards are supported.

Launched in August 2015 in South Korea, Samsung Pay is currently available in 12 countries including the US, China, Spain and Australia, with India the latest entry. The company has plans to expand the service to six more countries shortly, including in UK and Sweden.

The Samsung India website showed that American Express and Citibank will soon support Samsung Pay while the Paytm wallet can be integrated into the solution as well.

Samsung Pay works like a digital wallet in the offline space, such that a phone can be swiped on a point of sale terminal that supports the app, and push their fingerprint on the screen, which then takes money and pays the retailer digitally.

Consumers can add their debit or credit cards manually or through the phone camera, which reads the details automatically. For adding the wallet, Samsung Pay suggests linking the users mobile number, and then add money to make payments for purchases.

Currently, Samsung Galaxy Note5, Samsung Galaxy S7, Samsung Galaxy S7 Edge, Samsung Galaxy S6 Edge+, Samsung Galaxy A7 (2016) and Samsung Galaxy A5 (2016), support Samsung Pay.

Samsung Pay now live in India, Telecom News, ET Telecom

 

[rahul1117kumar]

Samsung Pay could soon come to budget and mid-range Samsung smartphones

Until now, Samsung Pay app came pre-installed on the company’s premium S-series smartphones. The newly launched Galaxy A (2017)-series smartphones already come with the Samsung Pay app pre-installed. Now, with the service officially launching in India, Mashable India reports that Samsung will also make the Payment Solution available for budget and mid-range smartphones. These include smartphones in the J-series, but there is no word on whether it will become available for the On-series or not.

Samsung Pay could soon come to budget and mid-range Samsung smartphones: Report

 

[rahul1117kumar]

Samsung Pay India Launch Set for Wednesday

After launching the Samsung Pay Early Access programme in India earlier this month, the company has revealed plans to launch its mobile payments service officially this week. Samsung has sent out invites for an event on Wednesday, March 22, where it says it will be "ready with the next revolution". The company has already made its mobile payments platform Samsung Pay open for Early Access registrations, but presumably more details on commercial availability will be unveiled on Wednesday.

The invite states that the "latest innovation" is "simple, secure, and almost everywhere, stressing on the safety and widespread of Samsung Pay. On its website, Samsung notes that Samsung Pay supports both NFC and MST (Magnetic Secure Transmission) allowing a user to send a magnetic signal from the smartphone to the payment terminal's card reader. It isn't supported on all devices as of yet, and the list of compatible devices include Samsung Galaxy Note 5, Samsung Galaxy S7, Samsung Galaxy S7 Edge, Samsung Galaxy S6 Edge+, Samsung Galaxy A7 (2016), and Samsung Galaxy A5 (2016).

Samsung Pay India Launch Set for Wednesday | NDTV Gadgets360.com