Worlds Leading Electronic giant Samsung has launched its digital payment service Samsung Pay In India on Wednesday.
The new payment method Samsung Pay works with selected models Of its Own
Galaxy series I.e. Galaxy A5 (2016), Galaxy Note 5, Galaxy S6 edge+, Galaxy S7, Galaxy S7 edge, Galaxy A5 (2017), Galaxy A7 (2017), Galaxy A7 (2016), Samsung Pay also works with Samsung Gear S3 .
All These Galaxy series Smartphone can register online to be eligible for early access of the Samsung Pay
mobile payment System.
Samsung Pay Works By Just waving your Samsung smartphone Near Swipe Machine ,Also The payment System works with both NFC and MST. This means it works with any payment card swiping or reading machine that accepts either the traditional swipe feature of the card or contactless payments ,The payment will be authenticate by fingerprint sensor or pin 4 code.
Company Also Promises That The System is
Highly Secured with three level of security – tokenization,
Samsung’s defense-grade mobile security platform Samsung KNOX And fingerprint authentication.
Samsung pay also accepts payments via QR codes –supporting UPI and Paytm through this method.
According to Samsung The
service is available only with a few banks – ICICI, Axis, SBI, HDFC, and Standard Chartered.
NFC (near field communication) , MST (Magnetic Secure Transmission)
Image And Story Credit –
Samsung Official Website.