Samsung has been expanding its Samsung Pay mobile payment system this year, and the software has been made available in more countries. This expansion is part of Samsung’s broader strategy to make mobile payments more accessible and convenient for its users worldwide.
Samsung Pay Pre-Installed on New Devices
Now it looks like Samsung Pay will come pre-installed on Samsung’s smartphones in 2017. The software will be available on all smartphones excluding their low-end devices. This move is expected to significantly increase the user base of Samsung Pay, as it will be readily available to a larger number of Samsung smartphone users without the need for a separate download.
“We have decided to pre-install Samsung Pay in Samsung Electronics’ smartphones to be released from next year.”
By pre-installing Samsung Pay, Samsung aims to streamline the user experience, making it easier for customers to start using the mobile payment service right out of the box. This initiative is likely to boost the adoption rate of Samsung Pay, as users will be more inclined to try out the service if it is already available on their devices.
Global Expansion and Availability
Samsung Pay is currently available in a total of seven countries, which include the U.S., Spain, Brazil, Singapore, Australia, China, and South Korea. Samsung is also planning to launch the service in more countries by the end of this year. This global expansion is a testament to Samsung’s commitment to making mobile payments a universal feature for its users.
In addition to expanding its geographical reach, Samsung has been working on enhancing the features and capabilities of Samsung Pay. For instance, the service supports both Near Field Communication (NFC) and Magnetic Secure Transmission (MST) technologies, making it compatible with a wide range of payment terminals. This dual-technology approach sets Samsung Pay apart from other mobile payment services that rely solely on NFC.
Moreover, Samsung Pay offers a secure payment experience through its use of tokenization, Samsung Knox, and biometric authentication methods such as fingerprint and iris scanning. These security features ensure that users’ payment information is protected, providing peace of mind when making transactions.
To further illustrate the convenience of Samsung Pay, consider the following example: Imagine you’re at a grocery store and realize you’ve forgotten your wallet at home. With Samsung Pay, you can still complete your purchase using your smartphone. Simply open the Samsung Pay app, authenticate your identity using your fingerprint or iris scan, and hold your phone near the payment terminal. The transaction is completed in seconds, and you’re on your way.
Samsung’s efforts to expand Samsung Pay also include partnerships with various financial institutions and retailers. By collaborating with banks and credit card companies, Samsung ensures that its payment service is compatible with a wide range of cards and accounts. Additionally, partnerships with retailers help promote the use of Samsung Pay by offering exclusive deals and discounts to users.
In conclusion, Samsung’s decision to pre-install Samsung Pay on its smartphones starting in 2017 is a strategic move aimed at increasing the adoption of its mobile payment service. With its global expansion, advanced security features, and user-friendly experience, Samsung Pay is well-positioned to become a leading player in the mobile payments industry. As more users embrace this convenient payment method, the future of cashless transactions looks promising.
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