Introducing the New Samsung Pay in Australia
Samsung Pay is available on Samsung Galaxy devices inclusive of the latest Samsung galaxy S7 Edge, Galaxy S7, Galaxy S7 active, Galaxy S6 edge+, Galaxy S6 edge, Galaxy S6 active, Galaxy S6 and Galaxy note 5. It is also available on the Google Play as free download for compatible devices.
Over years, making payments have always been by used of cards such as the in-store cards. This cards have been associated with several challenges including; loss of the cards, insecurity in payment while sometimes it was very difficult to pay due to many inconveniences. By invention of Samsung Pay, payment is now made easy, safe and very quick.
How to get the Samsung Pay?
For you to enjoy Samsung Pay, you must have one of the devices mentioned herein. The debit or the credit card must also be a qualifying Visa, MasterCard or American Express issued by one of the accredited banks across the world.
Also for other compatible devices, you can download the Samsung Pay app from the Google Play.
How to pay using the Samsung Pay?
1. Swipe Up
After having the Samsung Pay app installed in your phone, you swipe up from the home button or you select the Samsung Pay icon from your Home screen or Apps tray.
When the app opens, authorize payment by scanning your fingerprints or entering your pin as set in your device.
3. Hover and Pay
Finally, you hover your phone over the in-store card reader. By doing this, you have already made your payment!
How to work with the Samsung Pay app?
Samsung Pay works on Galaxy devices that are enabled with NFC technology which has the capacity to transmit a tokenized make of the credit card or debit card payment credentials safely, conveniently and securely to the merchant’s destination.
Apart from Near Field Communication tech, Samsung Pay also supports the newest of technological invention, the MST (magnetic secured transmission) capable of transmitting the same tokenized credit card/debit card payment credentials safely, conveniently and securely.
Near field communication is a short- range contactless technology that permits two devices to process the fed payment data easily, quickly and conveniently at close vicinity. On the other hand MST reproduces the swiping card at the payment point through a secure transfer of payment information straight to a magnetic card reader without directly touching it.
Both NFC and MST technologies transmit payment information virtually from your phone to the payment terminal without the physical contact in between the transaction.
In the first six months since launching the Samsung Pay in the global market, the app surpassed more than five million registered users. According to a research, Samsung Pay has been used in trading more than one billion transactions in South Korea alone.
The service is currently available in the United States, South Korea, China and Spain. This kind of success indicates an opportunity to expand in other countries such as Australia where contactless payments are already in high demand. These makes Australia the next suitable destination for the establishment of Samsung Pay.
Are the Small scale traders ready for Samsung Pay?
Yes. Over the decades, the use of MST and NFC technology has proven the hunger of people wanting to adopt a technology that makes it even easier to transact any payment by combining the two type technologies in one pack. This combination will see through the acceptance of the Samsung Pay mobile payment as well as enhance user experience.
However, the change can be slow as most retailers had not embraced the contactless modes of payment. By adopting an open arrangement model designed to support non-payment and payment cards from various providers, Samsung Pay can operate smoothly with a wider range of businesses, systems and different modes of payment.
How Samsung Pay Satisfactorily eases your Payment?
Safe and Secure
Samsung Pay involve three levels of security to ensure secure payments inclusive of; authenticating finger prints, tokenizing both debit and credit cards and use of Samsung KNOX. Every transaction uses a digital token that is protected to incorporate a personal payment details in the strip. By using the mentioned above kind of technologies, payment is only authorized through an approval by a scan of the fingerprints or by use of a PIN.
Easy to use
To transact on Samsung Pay, swipe up, select your payment card, validate the transaction with your fingerprint sensor fitted on the app and tap your device on payment terminal. You can use Samsung Pay on offline mode, in areas where you are in a limited or have no internet connectivity at all.
Your money is your life, just as your phone is a necessity that you can’t live without the current technology. Samsung Pay embraces the three aspects of having your Phone, your Money and your Life in one pack. In fact, it is turning out to be a pleasure in having the Samsung Pay as the app eases every kind of payments made.