While mobile payments aren’t anything new to Android, we are now seeing it being used more and more, and Samsung wants in on the action with Samsung Pay. Samsung Pay has been around since 2015 in the US and South Korea, and the company has been adding a number of different countries ever since. Next up is Singapore on June 16th, making it the fifth country to be added to the list.
What makes Singapore special is that usually Samsung Pay is limited to Samsung phones, but Samsung is working with local partner Singtel in Singapore that may broaden its reach. In the announcement post, Samsung says it “will be exploring potential collaborations in the mobile payment space” with Singtel. Singtel already offers a mobile payment system with their app, Dash, available on iOS and Android.See also: Android Pay vs Apple Pay vs Samsung Pay Overview
As you may know, Samsung Pay has somewhat of a leg up on the competition, thanks to the use of Magnetic Secure Transmission, or MST for short. This allows the payment system to work just like your credit card’s magnetic strip. This means Samsung Pay will be able to work just about everywhere, which is a huge plus.
Is Samsung Pay available in your region? If so, have you given up your physical cards yet? Let us know in the comments!