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Exclusive: Samsung Pay could be launched in India in the first half of 2017

Samsung is trying to launch its mobile payments solution in as many markets as possible. Samsung Pay is currently available in AustraliaBrazil, Canada (currently limited to CIBC customers), China, Russia, Singapore, South Korea, Spain, and the US. Now, the company is working on its way to launch Samsung Pay in India.

We’ve received information that Samsung is testing its mobile payment service for the Indian market, and that it could be launched in the first half of 2017. Since India does not have many NFC-equipped Point of Sale devices, Samsung Pay’s MST functionality would be a boon to the users. It is being expected that the South Korean smartphone giant would bring Samsung Pay functionality to its mid-range smartphones, which would further help increase its adoption in the country.

After the recent demonetization of INR 500 and INR 1,000 currency denominations in India, people have increasingly started using credit and debit cards as well as mobile payment solutions like Paytm and Freecharge, so it is the right time for Samsung to launch Samsung Pay in India. Samsung recently tied up with most major Indian banks for its My Money Transfer app for Tizen-based Z1 and Z3 smartphones.

Samsung had promised that it would launch Samsung Pay in the UK by the end of 2016, but the launch has been delayed to 2017 as it is taking longer than expected to tie up with the banks. This could happen with the service’s launch in India as well, so we have to understand that there is a possibility of some delay in Samsung Pay’s launch in India. However, we feel that the Galaxy S8‘s launch would be a great time for Samsung to launch its mobile payments service in the country.

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deardevil
deardevil

and the rest of Europe only matters to sell phones,not to invest in this stuff. but we pay the same price as everybody else…. we should have cheap versions,because we dont get to test this technology they announced on the events.

prabhu03
prabhu03

1st Half or end of 1st Half? which ever will be, but its too late!
By that time other online apps will take lead and demonetization issue will get settle down and everything will back to normal.

No one will think about online transfer later even though government wants them to use it… as Data pack chargers also should go down…

Hope for best. But I want Samsung Pay in my Note 5… and I ill use it regularly… 🙂

sammobilerockz
sammobilerockz

Long long due already

harinsheth
harinsheth

Will it be supported by note 4 ( it have at least NFC chip )

sammay69
sammay69

no only the s6 and s6edge and newer will be supported. because note4 doesn’t have MST

ShivamChatak
ShivamChatak

Earlier, the better for Samsung and also for me.