(9 days left!) Be the first with a 200MP camera! Visit Samsung to reserve and gain $100 in Samsung credit!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung Pay Mini to launch for Android and iOS next month

Pay
By 

Last updated: May 27th, 2016 at 14:21 UTC+02:00

According to a new report published by ET News, Samsung will launch a new version of its mobile payment platform in South Korea next month that will be available for use on all Android-powered smartphones operating on Marshmallow and iPhones running iOS 8+. The service has been dubbed Samsung Pay Mini and will not take advantage of the Magnetic Secure Transmission (MST) technology that put Samsung Pay ahead of the competition. Instead, it will be used exclusively to process online payments, which is an area that the standard build of Samsung Pay lacks use in as this type of transaction only accounts for around 20% of all payments.

The way that Samsung Pay Mini will work is extremely simple. Users will store their credit/debit card information within the secure application, then when they go to purchase a product on their smartphone from an online store or marketplace, the payment gateway will automatically input their details, pay for the goods, then store a copy of their receipt. However, users will first have to authenticate themselves by way of a fingerprint or 6-character password. If things go well, and the service picks up traction relatively quickly, the company has plans to bring a client to both Mac and PC later this year.

Source Pay Samsung PaySamsung Pay Mini
Load 5 comments

You might also like

Samsung turns smartphones into points of sale for Belgian merchants

Samsung has partnered with Mobco and Viva Wallet in Belgium to offer small and large merchants a secure mobile payment solution. Since July 1, 2022, Belgian regulations say that merchants need to offer at least one electronic payment solution to their customers. And because not every merchant has the necessary infrastructure, Samsung has thought of […]

  • By Mihai Matei
  • 4 months ago

New updates are available for Samsung Wallet app and Pay Framework

Samsung is releasing a couple of new updates for Pay Framework and the new Wallet app. Samsung Pay Framework is getting pushed to version 5.1.27, and Samsung Wallet is getting updated to version 5.1.31. There’s no changelog for the latest Samsung Pay Framework update, but the Samsung Wallet update brings minor bug fixes and unspecified […]

  • By Mihai Matei
  • 6 months ago

[Update: Fixed] Samsung Pay stops working on non-Samsung phones

Update: Samsung has confirmed to us that this issue has now been fixed through a patch, and Samsung Pay should now work as intended on non-Samsung phones. Original story Samsung Pay is usually associated with Galaxy smartphones. But even non-Samsung phone users can use the mobile payments app, especially those who use a Galaxy Watch […]

  • By Asif Iqbal Shaik
  • 7 months ago

Samsung Wallet merges Samsung Pay and Samsung Pass to store cards, IDs, digital keys, and more in one place

Last week, Samsung announced that it would merge Samsung Pass and Samsung Pay into a single app. Today, the South Korean firm has relaunched the Samsung Wallet app. It blends features of Samsung Pass and Samsung Pay and adds some more features on top of them. If you can remember, Samsung had a Wallet app […]

  • By Asif Iqbal Shaik
  • 7 months ago

Samsung Pass will soon be merged into Samsung Pay, complete with Digital Keys, tickets, and more

In a surprise announcement, Samsung said earlier today that it will merge Samsung Pass and its features into the Samsung Pay app. The merger will start today in South Korea, and it will expand to other markets in the coming months. The new app will house all your credit cards, debit cards, passwords, digital keys, […]

  • By Asif Iqbal Shaik
  • 8 months ago

Europe finds fault with Apple’s selfish use of NFC

The European Commission isn’t happy with Apple’s monopolistic views regarding its mobile payment platform “Apple Pay.” The European Commission argues that Apple shouldn’t lock the NFC chip inside iPhones to work exclusively with its mobile payment platform. The Commission sent a Statement of Objections to Apple over its practices regarding Apple Pay earlier today. It […]

  • By Mihai Matei
  • 9 months ago