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Samsung to Launch Samsung Pay in India Soon

South Korean Electronic Giant Samsung is planning to launch Samsung Pay in India soon. After facing huge losses because of Galaxy S7 explosions, the company is making its moves very cautiously.

According to the earlier reports, Samsung wanted to launch its payment platform in the month of January 2017 itself. But due to some issues, it didn’t happen.

But as far as now the tech giant is working very hard to launch its pay interface in India. Post Demonetization in India there’s a massive push for cashless and digital transactions.

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To cash this situation many online payment services and platforms are implementing new strategies.So Samsung also working to launch its Samsung pay as early as possible. A message to Samsung users while upgrading their devices Android 7.0 flashing that “The future of payments is coming soon.”

Samsung with its massive user base can give tough competition to other existing payment gateways like Paytm, Mobkwik, FreeCharge and others.The major advantage for Samsung is that Indians are not interested in Global Payment Platforms like Android Pay or Apple Pay.

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According to the sources, Samsung has Collaborated with American Express for its launch. The South Korean company is also in talks with MasterCard and Visa.It is said that during the initial phase the Samsung pay might be limited to the Galaxy devices.

Another added advantage of Samsung is its MST technology which is commonly used payment technology in the urban parts of India. Samsung is on a plan to launch another payment service known as the Pay Mini. The Only difference is that Samsung Pay Mini is restricted to payment for online services.

Samsung to Launch Samsung Pay Mini Availability on third party Android and IOS devices

Samsung had launched the Samsung Pay mobile application. Samsung Pay app let the user store all his card details in the wallet very securely. It acts as a digital wallet. This Application allows the users to pay the bill without your card at the billing desk. At the end of 2015, Samsung has released Samsung Pay application, and this hasn’t created the huge impact since it is only available for the Samsung phone owners. Finally, Samsung has decided to release the Samsung Pay Mini Application, which is provided on the third party Android and IOS devices.

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Soon the Samsung Pay Mini is provided for the Android smartphones and Samsung phones along with the IOS devices. Samsung wants to increase the user base in using the Samsung Pay Mini app, so Samsung is planning to release for Android and IOS devices.

How to use the Samsung Pay Mini?

Open the Samsung Pay Mini Application authorise with your fingerprint or with the secure pin. To make the payment just place the device close to the swiping machine where you make the payment. Tap your card when you place the device near the terminal. You are done with the payment. NFC technology is used as the connection between the device and the terminal.

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Currently, the Samsung Pay is available for the Samsung Galaxy S7, S7 edge, S6, S6 edge, S6 edge+ and Note5. Only a few cards are compatible with the Samsung pay.

The Samsung Pay Mini Application will work on the Android devices that run Android Marshmallow (v6.0) and the Apple devices running with the IOS8 is compatible to run this application. Samsung might release the app in the month of June, and it is also planning for the application to release the payment version of the application for Windows and OS X platforms.

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