According to recent reports, we might actually see Samsung rolling out Samsung Pay to more mobile platforms soon, as it gears up to take on Apple Pay and Android Pay.
This means that customers won't have to buy a top range Galaxy phone to use Samsung Pay. This is great for upcoming markets where budget and mid-range phones are rising quickly, a market which Samsung is targeting. Anonymous sources have said India will be used as a testing ground for this upcoming Samsung Pay expansion.
To make this work, all the phone would need is a PIN code to authorize the transaction, so there's no fancy fingerprint sensor required, and Samsung is apparently in negotiations with payment providers in India to support the service. If the testing phase goes well, then it shouldn't be too long before Samsung Pay reaches just about every handset the company puts out.
One of the benefits Samsung Pay has over the likes of Apple Pay is it can use Magnetic Secure Transmission technology, which is basically the same tech that powers credit and debit card transactions thus taking away the need of NFC terminal is needed.
Are you looking forward to using Samsung Pay? Let us know in the comments below.
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