What is Samsung Mobile Pay?
Samsung Pay is a mobile payment app and digital wallet that allows users to store their credit and debit cards, as well as gift cards, on their Samsung mobile devices. With Samsung Pay, users can make contactless payments using their mobile devices at supported merchants. Samsung Pay works with a wide range of payment terminals, including both contactless and traditional magnetic stripe readers.
Samsung Pay also offers additional features, such as the ability to send and receive gift cards directly from the app. Users can also set up and use Samsung Pay Cash, which allows for even easier sending and receiving of money through Samsung Wallet.
In addition, Samsung Find My Mobile has been integrated with SmartThings Find , allowing users to locate not only their lost Samsung mobile devices, but also their other Samsung devices, such as tablets and watches.
Overall, Samsung Pay offers a convenient and secure way to make mobile payments using Samsung mobile devices.
Frequently Asked Questions about samsung mobile pay
Samsung Pay allows you to make payments from your Samsung devices in-store (at virtually any terminal where contactless cards are accepted) within participating websites and in-app within supported apps.
First launched in 2015, the service supports contactless payments using near-field communications (NFC), but also supports magnetic strip-only payment terminals by incorporating magnetic secure transmission (MST) in devices released before 2021. In India, it also supports bill payments.
Samsung Pay has an added layer of security - every Samsung Pay transaction is covered by your bank's fraud protection and requires authentication via fingerprint, pin number or iris scan. Your card information is encrypted in a separate, secure data vault.
Cons
- Busy interface design.
- Uses legacy magnetic stripe technology.
- No paying friends.
- Account privacy policy not the best.
Yes, you can use Samsung Pay at contactless enabled ATMs with an eligible ANZ Visa card.
Tap "Samsung Pay Cash." Tap "Transfer to Bank." Enter the amount you want to transfer and select your bank account. Tap "Transfer."
Samsung Pay needs internet for card registration and activation but not for in-store purchases. Connecting to the internet once a day is recommended to keep Samsung Pay updated. After 10 transactions, you'll need to refresh Samsung Pay with an internet connection.
Which banks support Samsung Pay?
- HSBC.
- Nationwide.
- Santander.
- American Express.
- Starling Bank.
- Wise.
Security
Security is one of the significant advantages of mobile payments, mainly when used with NFC technology. In fact, when combined with other security features already present in mobile payment devices, NFC offers a significant improvement over EMV chips.
All in all, 8% of digital payment users in the United States use Samsung Pay. That means, of the 57% who know the brand, 14% use them. How loyal are the users of Samsung Pay? Around 6% of digital payment users in the United States say they are likely to use Samsung Pay again.
For those who want a digital wallet that can be used in more places, Google Pay is the winner. You can use it on any Android device - including Samsung products - and on iPhone or iPad if you're in the U.S. or India.
Tap "Samsung Pay Cash." Tap "Transfer to Bank." Enter the amount you want to transfer and select your bank account. Tap "Transfer."
Another feature of the Samsung Pay app is the ability to send and receive money to and from contacts with an eligible and enabled Samsung Pay device. To use this feature, you'll need to add Samsung Pay Cash through the app - click the "pay" tab at the bottom of the app and then swipe left to the Samsung Pay Cash card.
