Samsung Pay Finally Launched In India, Watch Video To Know How It Works!

Andriod phone maker Samsung finally launched its digital payment application “Samsung Pay” in India on Wednesday. This is to meet the needs of Indians as they tend to shift slowly to various online payments mode after the demonetization act hit India.

Samsung had granted access to its select users and also tAndriod phone maker Samsung finally launched its digital payment application “Samsung Pay” in India on Wednesday. This is to meet the needs of Indians as they tend to shift slowlyhe users of their Galaxy Note 5, Galaxy S7, Galaxy S7 Edge, Galaxy A5, Galaxy A7 and Galaxy S6 Edge+ can register to get early access.

Watch the video here:

Senior Vice President of Samsung India Electronics Pvt.,Ltd., Asim Warsi spoke about Samsung’s latest app and how the Indian unit worked almost for a year to customize Samsung Pay for the Indian market which also includes transactions through debit cards and mobile wallets for the first time.

Account holders of Axis Bank, HDFC, ICICI, SBI, and Standard Chartered Banks can avail this service of Samsung Pay. American Express and Citibank will be soon added to this list.

It is both NFC (Near Field Communication) as well as MST ( Magnetic Secure Transmission) compatible. Therefore, it works with any card swiping or reading machine, where the card in the phone just needs to be waved over the terminal.

How to get access to this?

A user must link their bank account and card to the Samsung Pay app on any of the above said Samsung smartphones.
After it is done, payments can be made by firing up the app on the phone and bringing the smartphone close to the NFC- enabled point-of-sale (POS) machine.
Once the vendor has entered the amount to be payable on the POS machine, this payment will be authenticated through the user’s fingerprint or a 4-digit PIN entered on the Samsung Pay app.

However, a lot of Samsung’s low end phones will not be compatible with the app.