Samsung Pay is already available in a handful of markets across the globe, and it seems the Korean company is all set to add more markets to the compatibility list.
According to a new report, Samsung Pay will launch in South Africa on September 22nd, the same day when the Galaxy Note 8 is expected to hit the retail shelves in the country.
Expanding Samsung Pay’s Reach
The expansion of Samsung Pay into South Africa marks a significant step for the company as it continues to broaden its global footprint. This move is part of Samsung’s strategy to make its mobile payment service accessible to a wider audience, thereby increasing its user base and enhancing the overall adoption of digital payment solutions. By entering the South African market, Samsung is tapping into a region with a growing demand for convenient and secure payment methods.
Unfortunately, the company didn’t mention which banks currently support the mobile payment service from the Korean company, but customers interested in using the service can link their PayPal account with Samsung Pay and use it to pay at brick-and-mortar stores across the country, earning reward points for every transaction processed using Samsung Pay.
Compatibility and Device Support
Samsung Pay is compatible with a number of Galaxy smartphones, including the Galaxy Note 8, Galaxy S8, Galaxy S8+, Galaxy S7, Galaxy S6, Galaxy J7 Pro, and Galaxy J7 (2016). The handset’s variants in some regions may not support the service, but that’s the complete list, and you’ll have to check on your device if it comes with support for the mobile payment service. This wide range of compatible devices ensures that a large segment of Samsung users can take advantage of the service.
In addition to smartphones, Samsung Pay is also available on select Samsung smartwatches, such as the Gear S3 and Gear Sport. This allows users to make payments directly from their wrist, adding another layer of convenience. The integration with PayPal further enhances the service’s versatility, providing users with more options for managing their finances and making payments.
We’ll update you as soon as Samsung Pay is officially released in South Africa.
Benefits of Samsung Pay
One of the key benefits of Samsung Pay is its ability to work with both Near Field Communication (NFC) and Magnetic Secure Transmission (MST) technologies. This dual compatibility means that Samsung Pay can be used at a wider range of payment terminals compared to other mobile payment solutions that rely solely on NFC. As a result, users can enjoy the convenience of Samsung Pay at more locations, including older terminals that do not support NFC.
Moreover, Samsung Pay offers robust security features to protect users’ financial information. The service uses tokenization, which replaces sensitive card information with a unique identifier, and Samsung’s Knox security platform to safeguard transactions. Additionally, users can authenticate payments using biometric methods such as fingerprint or iris scanning, adding an extra layer of security.
Future Prospects
As Samsung Pay continues to expand into new markets, the company is likely to introduce additional features and enhancements to stay competitive in the rapidly evolving digital payment landscape. Future updates may include support for more financial institutions, integration with loyalty programs, and partnerships with other service providers to offer a more comprehensive payment solution.
The launch of Samsung Pay in South Africa is a significant milestone for the company and its users. By providing a secure, convenient, and versatile payment solution, Samsung is well-positioned to meet the growing demand for digital payment options in the region. As the service continues to evolve and expand, users can look forward to even more features and benefits in the future.
Source: GSMArena
Latest Geeky Gadgets Deals
Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
