Samsung Pay coming to India

Samsung Pay coming to India

Digital payments app, Samsung Pay, has been launched in India. Access is limited to those who signed up for the early access programme and available only on its mid-segment and flagship Samsung Galaxy devices.

The app uses magnetic secure transmission (MST) and near-field communication (NFC) technologies, and supports cards by major banks in India such as Axis Bank, HDFC Bank, ICICI Bank, State Bank of India (SBI) and Standard Chartered.

Support for American Express and Citibank cards is also on the cards.

Elsewhere, Samsung Pay is on its way to Sweden, with the help of Nordea Bank.

To date, Samsung Pay has been fully launched in 11 markets: South Korea, US, China, Spain, Singapore, Australia, Brazil, Puerto Rico, Russia, Thailand and Malaysia.

UPDATE 22 March 2017

The early access programme is over and Samsung Pay is now officially launched in India. At present, it works with seven banks in the country – AMEX, Axis Bank, Citi, HDFC Bank, ICICI Bank, State Bank of India and Standard Chartered.

By Soumik Roy, editorial contributor to Banking Technology

@banking
techno