Set as Homepage - Add to Favorites

【Watch Lamog Online】

Source：Miracle Information Network Editor：Tech Time：2025-06-26 17:42:10

Domestic companies cashing in on Watch Lamog OnlineIndia’s cash crunched market with epayment solutions will soon have competition from a global technology giant -- Samsung.

SEE ALSO: Google is thinking about bringing digital payment services to India

Samsung plans to launch its Samsung Pay mobile payment solution in India in the first half of 2017, according to a person familiar with the matter.

For bringing Samsung Pay in India, the company has partnered with American Express (Amex), said the person, adding that the company may be exploring opportunities with giants such as Visa and MasterCard as well.

American Express has been one of the partners of Samsung for the epayment solutions in several other regions including the USA, South Korea and Australia. Elsewhere, Samsung has also partnered with MasterCard and Visa, the two financial services companies that see billions of transactions worldwide on their networks every year.

Samsung began testing the service in India in December last year. Earlier this week, the South Korean technology company rolled out an update to the Galaxy Note5 smartphone in India which included the Samsung Pay app.

Samsung Pay, which rivals Android Pay and Google Pay, uses NFC-equipped point-of-sale terminals for some of its features. That would have been a hard sell as it would require Samsung to convince merchants across the country to upgrade their existing point-of-sale machines. Most of the point-of-sale devices in India don't support NFC.

But interestingly, Samsung Pay also supports MST (Magnetic Secure Transmission), a technology that allows it to send a magnetic signal from a compatible device to the payment terminal's card reader. This allows the smartphone to mimic a physical card, enabling the vast majority of existing terminals to support Samsung Pay as well.

Mashable Light Speed Want more out-of-this world tech, space and science stories? Sign up for Mashable's weekly Light Speed newsletter. By clicking Sign Me Up, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy. Thanks for signing up!
Samsung Pay's reach could be limited in India, as the service only works with its high-end smartphones.

The support for various cards for transactions is part of the things Samsung is trying to solve with Pay, however. The mobile payment solution has also been positioned as the central database that can store multiple card from various banks as well as Samsung's reward cards and serve as a fast-getaway for any online transaction with a tap or code.

However, Samsung Pay's reach could be limited in India, as the service only works with high-end premium Samsung smartphones.

Samsung has over 2.5 million Galaxy S6, Galaxy S6 Edge, Galaxy S6 Edge+, Galaxy S7, Galaxy S7 Edge, and Galaxy Note5 (the smartphones that support Pay) customers in India, according to marketing research firm Counterpoint.

"This is a pretty good install base and mature users for Samsung Pay to gain initial traction," Tarun Pathak, senior analyst at Counterpoint told Mashable India.

Samsung’s interest in India despite all the trouble is understandable. In the light of demonetisation, wallet apps such as Paytm and MobiKwik have reported astronomical growth in transactions and downloads. Paytm said last year that its service was handling more requests than all the plastic cards combined.

While Apple has remained tight lipped on its plans to bring Apple Pay in India, Tim Cook visited ICICI Bank's headquarters and met CEO Chanda Kochhar during his India visit last year, which sparked speculations of the possible launch of Apple Pay in the country.

Google CEO Sundar Pichai said last month that the company could introduce a mobile payment solution in Android for the Indian market. He didn’t share a timeframe.

Note: The story was updated to add that Samsung Pay also supports MST technology.

Featured Video For You
We built a VR-ready computer for less than $800 (and you can too)

Topics Samsung

Previous：Best Sony headphones deal: Over $100 off Sony XM5 headphones

Next：Best iPad deal: Save $100 on 13

Related Articles
Related Recommendations
Categories
Latest Articles
Popular Articles
Hot Recommendations
Featured Column

Quick Links

Fans go wild for kid on JumboTron; boo relentlessly when he isn'tThis proposal photo has the internet totally delighted21 incredible innovations that improved the world in 2016Make your workout worth it on this exerciseLittle girl sends BBC anxious letter about Big Ben, gets the perfect replyDiscriminatory 'bathroom bill' on the chopping block, but there's a catchNow witness the beauty of the 'Death Star' moon floating above Saturn's ringsRob Kardashian shares the messy details of his breakup with Blac ChynaTesla will charge drivers who hog its SuperchargersThe Golden Globes red carpet will stream on Twitter, because you'll already be thereThis photo of 'Superman' Henry Cavill holding a tree is baffling the internetCamila Cabello quits Fifth Harmony and fans are strugglingHighly venomous snake makes like tinsel and chills on a Christmas treeCompany behind the EpiPen is caught up in another drug price scandalNASA astronauts are proud bedwetters. They even practice.Londoners' holiday messages to Syrian refugees will make you cryMake your workout worth it on this exerciseSomeone made a gingerbread Big Ben and it's ridiculously realisticIt was Hoth'Rogue One' steals away with $155 million at the domestic box office Android 15: The tech used for Google Pay may be used to charge your devices Alibaba’s workplace communications platform DingTalk integrates large language model · TechNode Best TV deal: Get a 32 Dongfeng reveals redesigned cut How to sext Snapchat will now watermark AI Is AI good or bad? A deeper look at its potential and pitfalls Tesla starts pre Google and Harvard predict earthquake aftershocks using AI Honor to launch new phones in India, with former Realme CEO joining the company · TechNode Baidu and automaker Changan build computing center for intelligent driving · TechNode Lenovo to invest $1 billion in AI development · TechNode How to watch 'The Sympathizer': Release date and streaming deals Best litter box deal: Save up to 20% on self 'Sesame Street' writers have unanimously voted to strike Tesla Cybertruck production and deliveries were just halted. Here’s the likely reason. How to mirror iPhone to TV How to backup iPhone Best fitness deal: Get a rowing machine for just $206 at Amazon Starbucks establishes innovation and technology center in Shenzhen, China · TechNode

1.9593s , 8225.671875 kb

Copyright © 2025 Powered by 【Watch Lamog Online】,Miracle Information Network  

Sitemap

Top

Quick Links