Samsung Pay launched in India, partners with major banks

Samsung Pay is finally official in India. The mobile payment service was launched today and is first being rolled out to those who signed for the early access program. The registered users will be able to set up Samsung Pay account to start making payments.

Samsung has reportedly partnered with various banks, including ICICI, SBI, HDFC, Axis and Standard Chartered for the service. Soon it will also add American Express and Citibank.

The digital payment service is now supported in 13 countries. The list includes Australia, Brazil, Canada, China, Russia, Malaysia, Puerto Rico, Singapore, South Korea, Spain, Thailand, and the US.

Users can register up to 10 cards, including debit and credit, with the smartphone’s digital wallet. You will need to have one of the devices in the list (Galaxy S7, S7 Edge, S6 Edge+, Note 5, A5 -2016/17 models or A7 – 2016/17 models) to use the service.

Samsung Pay will work with more than 90% of payment terminals in the country that supports NFC payment or the MST (magnetic secure ­transmission) technology. Users can make purchases at retail outlets by just tapping the smartphone at the payment terminal.

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