Samsung has announced Samsung Pay way back while announcing Galaxy S6. Today, the tech giant is testing Samsung Pay in Korea. The company has invited some select Galaxy S6 and S6 Edge owners to participate in the public trial of the payment service before it actually kicks off.
According to a report from The Verge, the company is inching closer to the release. After the acquisition of LoopPay, the payment service of Samsung was always on the cards. Samsung Pay combines NFC, which is also used by Apple Pay and Google Wallet. But as long as activity is concerned, Apple Pay is the only service that is in operation currently.
As per a report from Bloomberg, Samsung was about to delay Samsung Pay till September. The report also mentioned that the services will first be available in Korea and America.
Claire Kim, a Seoul-based analyst at Daishin Securities Co, said, “The new service will likely be deployed on its next Galaxy Note device,” adding, “The key is how fast Samsung will be able to expand the service to lower-end devices.”
With the introduction of Samsung Pay in Korea, it can be expected that it will be deployed soon in U.S.A.
The company is banking on the ease to pay while using the mobile payment service. You will need to open the app and register your card info. According to the company, it is completely safe. Just like Apple Pay, you will need to put your card in front of your phone camera and it will capture the details of the card. Korea is still waiting to get Apple Pay.
According to a Cnet report, up to 10 credit cards can be loaded in the system. The system will be applicable for the latest Samsung smartphones and all upcoming models.
As reported earlier, Apple Pay is gaining momentum and has been launched outside the U.S.A. To be precise, UK customers can now use the payment service for select merchants and many banks are supporting it.