Thursday, September 17, 2015

Samsung Pay will be expanded to budget phones.


Samsung Electronics will expand its Samsung Pay services to the budget range phones expecting to grow the number of users.

Samsung Pay is only available for high end smartphones like the Galaxy S6, S6 edge, S6 edge + and Galaxy Note 5.

"It will gradually expand," said Shin Jong-kyun, who heads Samsung's mobile business, when asked if the company plans to provide the service on cheaper smartphones. 
"The Samsung Pay service is going well, and I think more users will be able to use it," Shin said after a meeting of Samsung Group presidents.
Samsung Pay tool works with a larger number of shops than the Android pay and Apple Pay.

Samsung Pay's magnetic secure transmission (MST) technology allows users to make payments through traditional credit card devices. The breakthrough gave the service the upper hand compared with other rivals, which only support near field communication (NFC).


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