For owners of Samsung phones, your credit card payments are about to get a lot more convenient. Samsung Pay, a mobile payment system, will be launched in Singapore on Thursday, 16 June. It is the first country in South East Asia where the system is making its debut, having previously been made available in countries like the US and South Korea.
Instead of having to get your physical credit cards out of your wallet, Samsung Pay allows you to “store” your cards digitally in your smartphone using an encrypted digital token; which means that it does not hold any details.
The system also uses a Magnetic Secure Transmission (MST), that allows for the swiping action on a credit card machine, much like the ones used for Visa payWave or Mastercard PayPass. It will be available in almost every place that accepts credit cards.
How it works:
1. Launch Samsung Pay by swiping up on the screen
2. Use the fingerprint scanner or personal identification number to authenticate your payment
3. Tap your Samsung smartphone onto the card reader during the transaction
4. Payment is made!
Samsung Pay will be available on Galaxy Note 5 4G+, Galaxy S6 edge+ 4G+, Galaxy S7 4G+ and Galaxy S7 edge 4G+.
Feature Image: Source