Samsung Pay

  •   Ricky
  •   July 31, 2017
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Samsung Pay is a mobile payment and digital wallet service by Samsung Electronics that lets users make payments using compatible phones and other Samsung-produced devices. The service supports contactless payments using near-field communications, but also incorporates an electromagnetic transmission system that allows contactless payments to be used on payment terminalsthat only support magnetic stripe cards.[1]

The service was launched in South Korea on August 20, 2015 and in the United States on September 28 of the same year. In 2016 at the International Consumer Electronics Show(CES 2016), the telecommunications company announced that Samsung Pay would be coming soon to a variety of banks inAustralia, Brazil, Spain and Singapore.

Samsung Pay is a mobile payment and digital wallet service by Samsung