Thomas Ko, Samsung Pay

Thomas Ko, Samsung Pay

Samsung Electronics is bringing Samsung Pay to Puerto Rico.

Samsung Pay will support eligible credit cards from Banco Popular, Puerto Rico’s largest bank, and will be available on AT&T, T-Mobile, Sprint and Claro networks in Puerto Rico.

The firm says Samsung Pay is the “only” mobile wallet that allows users to pay with their compatible Samsung smartphones at terminals, due to both MST (magnetic secure transmission) and NFC (near field communications) technologies.

Thomas Ko, vice-president and global co-general manager of Samsung Pay at Samsung Electronics, says users can shop in Puerto Rico right from their phones at retail chains and independent businesses.

Today’s announcement follows Samsung Pay’s recent launch in three new countries across three continents.

In June, Samsung Pay began operations in Spain, its first market in Europe; Singapore, its first within the South East Asian region; and Australia, its first market within the Oceania region.

It also recently launched in China in partnership with China UnionPay (CUP). The firm joins Apple in entering the country, as the US giant launched its mobile payment system in China earlier. That was also in partnership with state-owned bankcard association CUP.

Samsung says a number of additional markets, including Brazil, Canada and the UK, are coming this year.

@banking
techno