Reports regarding Samsung Pay coming to Indian grounds in the earlier part of 2017 have become more concrete with suggestions by Mashable that it might be introduced with American Express as partners. Mentioning someone privy to the matters Mashable states that Samsung is also looking into partnerships with MasterCard and Visa.
Depending on the market Samsung Pay was introduced in Samsung has worked with many major card companies. Indian holds great potential as a vast market for the South Korean tech giant, but its opportunities become limited due to just 2.5 million of premium devices (Galaxy S6, Galaxy S7 and Galaxy Note 5) being shipped in India. The service holds great potential, though, and its true growth can be realized by introducing affordable handsets.
According to Sam Mobile Samsung had already started testing this service as early as December 2016 with the latest update of Galaxy Note 5 bringing the Samsung Pay app to the system. The tech giant has also been hinting their Galaxy S7 and S7 Edge users with a message that says ‘The Future of Payments is coming soon’ when they upgraded they devices to the Android 7.0 Nougat.
Earlier this week Samsung launched a mobile web payment service in South Korea for all its users that were using Android OS. They service called Samsung Pay Mini, and it will let its user make online transactions in South Korea after they download a dedicated app.
Samsung’s biggest competitor in the market, Apple is yet to introduce its Payment service Apple Pay in India. As of now, it is unclear when and if the Cupertino giant will be launching this service in India. For that, we will have to wait and see what happens.
Let us know how you feel about Samsung’s payment service in India.