Things you need to know Samsung Pay

5 Things You Need to Know About Samsung Pay and Why It Matters

Keeping in mind the increasing trend of using smartphones as a digital wallet Samsung has developed one of the safest and faster mobile wallet technology called Samsung Pay.

It provides one-tap mobile payment service. It’s a new way to pay for shopping through Samsung devices which is accepted almost anywhere – shopping malls, restaurants, and other retailers.

Similar to Apple Pay and Android Pay, Samsung Pay provides a one-tap platform but with an improved version of mobile payment facility.

After launching Samsung Pay in Korea on August 20, 2015, and in the United States on September 28, 2015, it’s all set to launch in various other major countries like Australia, Brazil, China, Singapore, Spain, and the United Kingdom.

Top-notch features of Samsung Pay:

1. By using a simple swipe gesture from the home screen or a by tapping your card, Samsung pay enables users to pay effortlessly.

It scans the user’s fingerprint for authorization and ensures a safe and secure pay.

Loop Pay
Image Source: Samsung Insights

2. Samsung Pay is robust and secure. It uses a few high-level security systems like Samsung KNOX security software, tokenization, and fingerprint authentication in order to reduce security risks.

3. It works with both the old and new terminals that use “Magnetic Secure Transmission” (MST), Near Field Communication (NFC) and EMV (Europay, Mastercard, Visa) Chip Card Technologies

4. Samsung provides a key technological advantage over its rivals. It uses MST Technology that makes mobile payment possible by hovering your phone over regular Magnetic Stripe Plastic Card Readers (the ones you see everywhere).

It mimics the magnetic signal that is sent when swiping a debit/credit card and completes the transaction the same way.

MST Magnetic Secure Transmission

MST serves as a backup where NFC equipment is not available at the retailer.

5. Samsung Pay will work only for the users who have a debit or credit card from the bank that Samsung has partnered with.

It has partnered with the major payment networks such as Bank of America, Discover, Chase, Citi and US Bank.

Advantages of Samsung Pay over Apple Pay or Android Pay

  • Samsung Pay uses Magnetic Secure Transmission as well as NFC while Apple Pay and Android Pay only use NFC technology.
  • This essentially means that Samsung Pay can be used at any payment terminal where you can swipe your credit card.
  • Most retailers are still using the older MST technology and would avoid investing in new hardware for using NFC.
  • Apple Pay and Android Pay requires NFC payment equipment to make a payment. NFC payment equipment is far from being universal, and chances are you won’t see them at your favorite retailer yet.

How it works?

  • To start using Samsung Pay, simply swipe up from the bottom of the home screen or open the Samsung Pay app.
  • Samsung Pay will display a list of cards in it. By default, it displays the card recently used. You can choose another card by swiping left.
  • Authorize by scanning your fingerprint or entering a pin.

Samsung Pay works

  • In order to make a payment, you just need to hold your smartphone near the NFC or card reader. That’s all and the payment will be processed.

How to get Samsung Pay?

  • Currently, Samsung Pay works with high-end Samsung Galaxy devices only, that include Galaxy S6, Galaxy S6 Edge, Galaxy S6 Edge+ and the Note 5.
  • The user must have a credit or debit card with a qualifying Visa, MasterCard or American Express issued by one of these banks like Bank of America, Chase, Citi, PNC, Synchrony and U.S. Bank.
  • It is supported by all the major carriers including AT&T, Sprint, T-Mobile and U.S. Cellular albeit Verizon isn’t one of them, which is a must in order to get the Samsung Pay.


Samsung Pay may not be the first mobile wallet service to test mobile payments on its devices, but its key technology MST gives it the edge to rival Apple Pay and Android Pay.

It’s the most simple and safe handy wallet which is on the brink of a mobile revolution.

Meanwhile, Samsung Electronics Co., Ltd has added LoopPay to the mobile payment platform that could easily make the transactions from Samsung devices in the future.

LoopPay can be used for making mobile payments at just any store without an NFC-enabled point-of-sale terminal, which gives a promising security to its users.

10 replies
    • Preeti Sahu
      Preeti Sahu says:

      Hi Niket,

      Thanks for stopping by and for asking this question. Samsung Pay is seriously a great feature that everyone would love to have. However, it’s not yet launched in India. Samsung has not declared any particular date but, I am sure it will get launched soon in India.

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