Samsung’s own mobile payment system, akin in functionality to Apple Pay and Android Pay is now available for use in India. Samsung Pay has partnered with some of the major banks in the county, Axis Bank, HDFC Bank, ICIC Bank, AMEX, Citi and Standard Chartered.
Samsung is pushing the not so well known service even more lately, with Android Pay also available on the same devices, the market share is getting a bit crowded. Samsung Pay is now available in 12 countries now, including India. Also in China, United States, Spain, Brazil and Australia. The UK doesn’t yet have Samsung Pay, but according to a story from The Telegraph it should be sometime this year.
The mechanics of Samsung Pay are very similar to Apple Pay and Android Pay. It uses a combination of tokenisation and fingerprint authentication to make a payment.