Samsung Pay launched in India: Here’s how it works | tech | Hindustan Times
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Samsung Pay launched in India: Here’s how it works

Korean electronics giant Samsung has launched a new payments service that enables contactless digital transactions.

tech Updated: Mar 23, 2017 11:26 IST
Anirban Ghoshal
Samsung Pay

The Samsung Pay service will be available on Visa, Mastercard and Rupay payment cards; and for ICICI, HDFC, Standard Chartered, SBI, Axis banks(Anirban Ghoshal, Hindustan Times)

Samsung today launched a new digital payments service in the country, called Samsung Pay, that hopes to bring debit cards, credit cards and wallets under one umbrella.

Samsung Pay, a service that users of Samsung S7 Edge, S7, S6 Edge Plus, A series 2016 and 2017, and Note 5 users will get via a service update, will be available on Visa, Mastercard and Rupay payment cards. ICICI, HDFC, Standard Chartered, SBI, Axis bank cards will be supported, along with Paytm and Amex cards. UPI and CitiBank card support is also expected to become available soon.

The Samsung Pay service is also supported on Samsung Gear S3.

So, how does this work?

After updating their Samsung phones to the latest software, users can open the Samsung Pay app and link their bank or Paytm or credit/debit card accounts.

First, a user must first link their card or wallet to the Samsung Pay account.

For phones, the user can then make a transaction by swiping the pay service from the bottom of the screen. The screen will offer options of cards or accounts to pay from. The user selects the card and brings it close to the POS (point of sale) machine. Once the merchant has entered the amount for the transaction, the machine connects to the payment gateway and asks the user for the bank/ATM pin. Entering the PIN completes the transaction.

In case of the Gear S3, the user can open the service by swiping up and then selecting the card or account to pay from. Once the selection is made, a ‘pay’ button appears on the screen. Tapping the button and bringing the device close to the POS machine will complete the transaction in the same way as in the case of a phone.

Consumers can use the Gear S3 with any other Android phone to make transactions with Samsung Pay. To add cards to the Gear S3, users need to add them on the Samsung Gear Manager app.

Nearly 90% of all POS machines in India work on magnetic technology for payments with cards. The Samsung Pay service uses a similar technology. The service creates a magnetic field between the POS machine and the phone to replicate a card transaction.

The Samsung Pay app also offers promotions from banks on reward points. It shows offers from Paytm as well. The app also comes with built-in customer support .