I absolutely love Samsung Pay – I have my credit card stored there and use it not only here in the US but also when I travel. No need to carry around my wallet. No need to worry about losing my card. It’s simple, ubiquitous, and just wonderful. Well, according to Samsung, not only is Samsung Pay expanding to three more countries by the end of this year, but the app is getting even more features next month.
Samsung has announced that by the end of 2016, Malaysia, Russia, and Thailand would also be getting support for Samsung Pay. The mobile payment service is already available in a handful of countries including the US, South Korea, China, Spain, Australia, Singapore, and Brazil. Though there are other mobile payment platforms, the key differentiating factor is that Samsung Pay uses both NFC and MST, meaning anywhere that accepts a regular debit/credit card, Samsung Pay will probably work as well.
Samsung Pay uses both NFC and MST, meaning anywhere that accepts a regular debit/credit card, Samsung Pay will probably work as well.
On top of that, Samsung will be partnering with Mastercard to offer “a simplified online payment and express checkout solution through its digital payment service Masterpass,” and this will come in early 2017. According to the South Korean conglomerate, there are already hundreds of thousands of merchants that accept Masterpass for online payments.
The app will also get some new features starting next month: existing users will be happy to learn that from November, the app will let you locate nearby discounts and coupons. Samsung is hoping that customers will be able to find and redeem instant savings easily and quickly. The app will also be available to use within certain merchant apps starting November. These include apps like Velocity, Raise, Fancy, Hello Vino, and Wish, with more to come in the future.
Samsung’s mobile payment platform launched in its home turf last year and since then has proven itself to be quite popular. With Samsung continuing to add more banks and countries, it’d be interesting to see how Samsung’s mobile payment shapes up in the coming years.
Are you a fan of Samsung Pay? Why or why not? Let us know by leaving a comment below!