Samsung launched Samsung Pay, its mobile payment service in India earlier this week which works on premium range of Galaxy smartphones. Now a latest report from Mashable suggests that Samsung Pay will be available soon for budget and mid-range smartphones including the J series.
Citing two sources familiar to the matter, the report said Samsung will explore this opportunity in India and depending on the success and adoption, it could replicate this in other markets as well. Recently-manufactured batches of several budget and mid-level Samsung smartphones have the hardware capability to support Samsung Pay, added the report. The low-end Samsung smartphone users will have to enter PIN for Samsung Pay authentication. Samsung Pay comes equipped with Magnetic Secure Transmission (MST) and Near Field Communication (NFC) technologies that lets users makes contactless payments at PoS terminals via fingerprint as well as PIN for verification during transactions.
Currently Samsung Pay is compatible with – Galaxy Note 5, Galaxy S7 and S7 edge, the Galaxy S6 edge+, and the Galaxy A5 (2016) smartphones. Last month, Galaxy Note 5 was updated that added a Samsung Pay app to the phone. Samsung Pay is currently supporting banks including – Axis, HDFC, ICICI, SBI, and Standard Chartered while American Express and CitiBank will be added soon.