Samsung Pay has been rumored to come to India “soon”, but these rumors originated from independent reports with no official confirmation from Samsung to back them up – until now, that is.
Samsung India has confirmed that India is in line to get Samsung Pay in the near future. Samsung is allowing users to sign up for early access to Samsung Pay in the country, despite there being no specific launch date for the service as of yet.
Supported devices for Samsung Pay include the Galaxy Note 5, S7, S7 Edge, S6 Edge+, A5 2016 and A7 2016. The sign up page indicates that Samsung is offering support for MasterCard and Visa debit and credit cards from Axis, HDFC, ICICI and Standard Chartered Bank, while only credit cards are supported from SBI Bank. Support for American Express and Citibank credit cards will be also be added later on, and Samsung is also working with other banking partners to expand their support.
Interested readers can visit the Samsung Pay India website to sign up for early access. As mentioned before, there is no launch date specified, so there is no indication when the program goes live. Users who successfully register themselves will likely receive an email when the early access period begins.
The monetary and liquidity situation in India in the first quarter of 2017 is much better than what it was in the days immediately following demonetization. We do feel Samsung and others missed the prime period where services like these would have taken off without much effort. Right now, Samsung is in a better position with the upcoming launch of Samsung Pay to take advantage of an untapped market as other competitors have yet to launch their services in the country. With widespread availability of MST terminals in urban areas, Samsung does have the technological upper hand too.
What are your thoughts on Samsung Pay coming to India? Let us know in the comments below!
Source: Samsung Pay India Via: Sammobile
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