Samsung Pay is finally coming to India. Samsung teased the launch of its mobile payment service back in December last year and it look’s like the launch of the service is imminent. Samsung has started accepting registrations for early access to the payments programme.
To use Samsung Pay in India, users will need one of the following Samsung smartphones: Galaxy S7 Edge, Galaxy S7, Galaxy S6 Edge+, Galaxy Note 5, Galaxy A7 (2016), or Galaxy A5 (2016). Currently, the South Korean technology company has tied up with 5 Indian banks to get this service to customers. These include – Axis Bank, HDFC Bank, ICICI Bank, SBI Cards, and Standard Chartered Bank. Samsung will be adding more banks to this list soon, starting with Citibank.
Samsung Pay will allow users to transact cash-free in three simple steps. A swipe up on the above mentioned devices will bring up Samsung Pay, users can then authenticate their accounts using their fingerprints, the third and final step is to make contactless payment using NFC or Magnetic Secure Transmission on any regular card machine.
For security of transactions, Samsung uses Samsung KNOX to protect both hardware and software. KNOWX constantly monitors phones for vulnerabilities. Even if the phone is compromised, card information is still safely encrypted within a separate and secure data vault.
Click Here to register for early access to Samsung Pay.