A report says that Samsung Pay could soon make its way to J series phones in India.
Samsung Pay lets you save gift cards, credit cards, and many other payment methods onto your smartphone so that you can use it when you are paying. Your phone mimics your cards right down to the magnetic signal so that it works in most of the places that accept credit cards. For this all thanks to Magnetic Secure Transmission (MST) and Near Field Communication (NFC). What you need to do is simply just tap your device against the payment terminal, and you’re good to go.
But this could happen only if you have owned a premium smartphone. Samsung Pay only features inexpensive phones like the Galaxy s7 Edge and Galaxy S7, though it has also come to the Galaxy A line and Samsung Gear S watches.
Now, as according to Mashable’s sources, the Samsung has quietly been adding this technology to cheaper phone too, and also it plans to experiment with the idea in India — where Samsung Pay recently launched — in the next few months. (Mashable correctly reported the launch of Samsung Pay in India with anonymous sources as well.)
You must be wondering that “Why India,” instead of other Samsung Pay countries like Australia, South Korea, the US, UK, Brazil, and China? For one thing, the Counterpoint analyst Tarun Pathak told Mashable that out of the 85 million Samsung smartphones in India, the 25 million are the cheaper Galaxy J devices.
Another possibility for this: last November, India was the subject of a banknote ban that prohibited 500 rupees and 1,000 rupee bills from circulating. In the midst of this currency upheaval, the brand new payment methods just like Samsung Pay could help make buying things easier.
Are you also thinking what I am thinking that should the experiment be a success, perhaps the Samsung’s payment service will spread more quickly to other countries where cheaper (not totally cheaper you can say less expensive) phones are key, or to cheaper devices in places where Samsung Pay already exists.
Samsung has totally declined to comment.