Samsung has just announced that they have added support for eight more credit and debit card issuers including Chase and SunTrust to Samsung Pay. The payment service will now support Chase Visa® credit, debit and Liquid® cards, Citizens Equity First Credit Union, Randolph-Brooks Federal Credit Union, Security Service Federal Credit Union, State Employees’ Credit Union, SunTrust and Virginia Credit Union.
As an added bonus, the mobile payment service will also support Navy Federal Credit Union Visa® credit and debit cards, which means that owners of these cards will be able to perform transactions without using actual physical cards as some latest smartphones from Samsung can mimic the payment through MST or NFC.
The purpose of Samsung Pay is to basically make things as easy as possible, which is why it's important that it supports as many credit and debit card issuers as possible. Here's what Injong Rhee, EVP of Samsung Electronics, Global Head of Samsung Pay had to say about the matter:
With expanded support from eight additional issuers, including Chase and SunTrust, we look forward to building even more momentum around Samsung Pay
With the addition of these new cards, Samsung Pay is expected to increase its influence in the US. The mobile payment service is already expected to launch in China, Spain and the UK, which will further increase its reach. What's more is that Samsung could be adding Samsung Pay support to other devices other than their own, which would greatly affect its impact.
