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

News For You
News For You
Notifications

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

Pay
By 

Last updated: December 16th, 2016 at 16:05 UTC+01:00

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.

Pay IndiaSamsung Pay
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Samsung’s global boss visits India to review business operations

Samsung’s global boss visits India to review business operations

Samsung Electronics chairman Jay Y. Lee is reportedly on a trip to India to review the company's local business performance. He is also expected to attend Anant Ambani's wedding ceremony during his visit. Anant Ambani is the son of Mukesh Ambani, the world's 11th richest person, and is richer than Nvidia's Jensen Huang. Lee visits India […]

  • By Asif Iqbal Shaik
  • 2 days ago
Facing green line issue? You might be in luck if you have this Galaxy phone

Facing green line issue? You might be in luck if you have this Galaxy phone

Some Samsung smartphone users have faced a green line/pink line issue over the past 2-3 years. The South Korean firm hasn't addressed the issue head-on. After social media outrage, Samsung India announced a few months ago that Galaxy S21 and Galaxy S22 users with green line issues could get free screen repair. Now, the company […]

  • By Asif Iqbal Shaik
  • 2 days ago
Galaxy Buds 3 and Buds 3 Pro pricing revealed for India

Galaxy Buds 3 and Buds 3 Pro pricing revealed for India

After unveiling the Galaxy Buds 3 and the Galaxy Buds 3 Pro globally at the Galaxy Unpacked event in Paris a couple of hours ago, Samsung has now launched the two earbuds in India. Here’s how much they cost and their pre-order offers and release dates in the country. Galaxy Buds 3, Buds 3 Pro […]

  • By Abid Iqbal Shaik
  • 3 days ago
Here are the Indian prices for Galaxy Watch 7 and Watch Ultra

Here are the Indian prices for Galaxy Watch 7 and Watch Ultra

Usually, when Samsung unveils new products at a Galaxy Unpacked event, it launches those devices in India the next day. Surprisingly, that’s not the case this time around. Within a few hours of unveiling the Galaxy Z Fold 6 and the Galaxy Z Flip 6 globally, the company launched the two devices in India. Now, […]

  • By Abid Iqbal Shaik
  • 3 days ago
Galaxy Z Fold 6, Flip 6 reach India with higher prices

Galaxy Z Fold 6, Flip 6 reach India with higher prices

At the Galaxy Unpacked event today, Samsung unveiled its latest foldable smartphones, the Galaxy Z Fold 6 and the Galaxy Z Flip 6. The Indian pricing for those devices has been revealed now, and potential buyers might not like the price hike. Galaxy Z Fold 6 and Galaxy Z Flip 6 prices and release date […]

  • By Abid Iqbal Shaik
  • 3 days ago
Samsung Bespoke AI appliances get great offers in India

Samsung Bespoke AI appliances get great offers in India

In April this year, Samsung launched the 2024 lineup of Bespoke AI home appliances in India. Now, almost two months later, the company has announced Bespoke AI Days in the country. During this event, which will be live from 5 July 2024 to 14 July 2024, the brand will offer cashback of up to INR […]

  • By Abid Iqbal Shaik
  • 5 days ago