samsung pay

Samsung Pay is a mobile payment and digital wallet service by Samsung that lets users make payments using compatible phones and other Samsung-produced devices. It works with a variety of contactless payment terminals, including NFC, magnetic stripe, and chip-based systems. For check-out devices which use Magnetic Secure Transmission, a device equipped for Samsung Pay simulates the signal produced by a card using that technology, making it so Samsung Pay can work “virtualy anywhere you can swipe your card.”

The service was launched in South Korea on August 20th, 2015 and in the United States on September 28th of the same year. In the 2016 International Consumer Electronics Show (CES 2016), the telecommunications company announced that Samsung Pay will be available in Australia, Brazil, Spain and Singapore