Gadgets Magazine

So What is Samsung Pay? How is It Different from Other Digital Payment Solutions?

Posted on the 22 March 2017 by Jyoti Arora @Jy0tiAr0ra
What Samsung Pay? Different from Other Digital Payment Solutions? So what is Samsung Pay? How is it different from other digital payment solutions?

What is Samsung Pay:

In the simplest terms, Samsung Pay is a new way to make digital payments using your smartphone. It has been developed by Samsung in collaboration with Mastercard.

How is it different from other digital payment solutions? Well, as per Samsung, this one service in your phone can help you make payment from any of your bank account, at almost any place where credit and debit cards are accepted. It is supposed to be like a digital wallet within which you can securely carry all your credit and debit cards.

Setting up Samsung Pay:

Samsung Pay can only be used on the compatible devices which will soon get it through a software update. You also need a Samsung account to use Samsung Pay. Once all that is ready, you can set up your Pay account using either your fingerprint or a PIN. After registering, you can start adding the details of your credit or debit cards manually. The app also allows the camera to auto read the card details to make this process easy and error free. The user verification is done via an OTP. Just follow the steps shown by the app and the card will get stored on the device. You only need to do this once and you can store upto 10 cards on Samsung Pay and set your 'favourites' among them.

What Samsung Pay? Different from Other Digital Payment Solutions?
So what is Samsung Pay? How is it different from other digital payment solutions?

How to use Samsung Pay:

Adding the cards on this app may take some time as various steps have to be completed to ensure proper security. However, using it is as easy as using physical debit or credit cards. Just select the card from those stored on your phone, bring the phone closer to an MST (Magnetic Secure Transmission) or NFC (Near Field Communication) enabled device, authenticate your payment using your fingerprint or PIN and send the payment.

What Samsung Pay? Different from Other Digital Payment Solutions?
So what is Samsung Pay? How is it different from other digital payment solutions?

Security Features of Samsung Pay:

The safety of the credit or debit cards stored on Samsung Pay is ensured by three layers of security. The information of the cards is encrypted and converted into digital token to keep it safe from hackers. No payment can be made without the user-selected authentication method (fingerprint/PIN). And the whole app and its data is locked away within the secure partition of Samsung Knox. This keeps the app away from other and possible insecure apps and files.

Overall, Samsung Pay sounds like a secure and convenient way to make payments using mobiles. It would reduce the need of carrying physical credit and debit cards. This payment method has done well in the countries where it has been tried. It will be interesting to see how it fairs in India. As yet, it is available only on select Samsung Galaxy smartphones.

For more information about Samsung Pay, Click Here


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Emojis Can Be Used to Show Intent ?

    There has been a lot of talk about emojis when it comes to domain names. It now seems that they are moving their way to be used in court proceedings. Read more

    6 hours, 44 minutes ago by   Worldwide
    BUSINESS, TECH
  • French Onion Chicken

    French Onion Chicken

    I have long been a huge fan of the flavours of French Onion Soup . . . caramelised onion, sweet and succulent . . . cheese . . . toast . . . garlic . . .... Read more

    7 hours, 43 minutes ago by   Mariealicerayner
    FOOD & DRINK, RECIPES
  • Suffer the Little Children - Manchester Monday

    Suffer Little Children Manchester Monday

    As on other occasions recently, I find myself unable to write to theme for this week's blog. In fact I have been sitting here for over an hour trying to find a... Read more

    9 hours, 11 minutes ago by   Ashleylister
    BOOKS, CREATIVITY, CULTURE, SELF EXPRESSION
  • Pandan Chiffon (cooking Method)

    Pandan Chiffon (cooking Method)

    这是我吃过的最好吃的班兰戚风!不夸张,没骗你。这个戚风蛋糕体真的是鬆软到可以做瑜伽,忍不住要小心翼翼地捧在手心。一口一口吃到班兰和椰奶的香,太棒了!Pandan Chiffon (cooking method)(recipe adapted from Wen's Delight)Ingredients:5 egg... Read more

    11 hours, 2 minutes ago by   Cathysjoy
    FOOD & DRINK, RECIPES
  • Chris Blue Winner of The Voice Debuts at No. 1 on Hot Gospel Songs Chart

    Chris Blue Winner Voice Debuts Gospel Songs Chart

    ChristianNews You better let your light shine Chris Blue!!!!!! The  12th season of NBC’s The Voice winner Chris Blue — a worship leader at Cokesbury United... Read more

    The 24 May 2017 by   Firstladyb
    SPIRITUALITY
  • Movie Review: ‘Guardians of the Galaxy Vol. 2’ (Second Opinion)

    Movie Review: ‘Guardians Galaxy Vol. (Second Opinion)

    Movie Review: 'Guardians of the Galaxy Vol. 2' (Second Opinion) Plot: Set several months after the events of the first film, the Guardians of the Galaxy are o... Read more

    The 24 May 2017 by   House Of Geekery
    ENTERTAINMENT, TV & VIDEO
  • Bravery is an Option, Not an Obligation

    It’s interesting to note that in a world where people constantly claim anyone with a conscience or a complaint is being a “special snowflake”, stoicism is... Read more

    The 24 May 2017 by   The Guyliner
    DATING, LGBTQ, LOVE & SEX

Magazines