Swipe your Phone with Samsung Pay App

Android phone maker Samsung will start its digital payment application, called Samsung Pay.

Samsung had started signing up users for early access to the new payments method and currently owners of the Galaxy Note 5, Galaxy A5 (2016), Galaxy S6 Edge+,  Galaxy S7, Galaxy S7 Edge, and Galaxy A7 (2016) can do online registration to be eligible for quicker access of the mobile payments service.

The early access service is available only with a few banks – ICICI, HDFC,SBI, Axis, and Standard Chartered. Expectation from Samsung is to add support for Citibank and American Express soon.

Samsung Pay app will majorly works with both NFC (near field communication) and MST (Magnetic Secure Transmission). This implies, it works with any payment terminal (card swiping or reading machine) that accepts either the traditional swipe feature of the card or contactless payments (a method of payment that doesn’t need the card to be physically swiped, but instead can just be waved over the terminal).

First step, a user needs to do is link their bank account and card to the Samsung Pay app on the compatible smartphone. Once that is done, payments can be made by firing up the app on the phone and bringing the smartphone close to the NFC-enabled point-of-sale (POS) machine. Once the vendor has entered the amount required to be paid on the POS machine, the payment will be authenticated through the user’s fingerprint or a four digit PIN entered on the Samsung Pay app.

The Samsung Pay app also offers promotions from banks on reward points. It shows offers from Paytm as well. The app also comes with built-in customer support .