American Express will be Samsung Pay’s launch partner in India

Home / News / American Express will be Samsung Pay’s launch partner in India

We exclusively reported two months ago that Samsung Pay is going to be launched in India in the first half of 2017. A new report published today reiterates what we already told you a couple of months ago so that’s not news to us. However, it does reveal one interesting bit of information related to the launch of Samsung’s mobile payments service in India.

Samsung recently started teasing the launch of Samsung Pay in India. The latest Galaxy Note 5 update released in the country features the Samsung Pay app which is a big indication that things are moving along nicely and that the payments service will go live in the country soon.

Citing a person familiar with the matter, the report claims that Samsung has picked American Express as its launch partner for India. It also mentions that Samsung might be exploring opportunities with Visa and MasterCard as well, undoubtedly the giants of the card industry.

Samsung has worked with all major card companies in the different markets where it has already launched Samsung Pay. In some markets, it started out with just American Express and in others it went ahead with both Visa and MasterCard.

Even though India is a huge market for Samsung, the reach of its mobile payments service will be limited given that it only works with a handful of premium (expensive) devices such as the Galaxy S6 and Galaxy S7 series as well as the Galaxy Note 5. Counterpoint research notes that there are more than 2.5 million of these devices being used in India so while it’s a respectable install base, Samsung Pay may only see true growth in India when the hardware required to make it work trickles down to more affordable handsets.

Source

Samsung Pay 6
Related newsLatest news
6 Comments

Leave a Reply

woody365
9 months 12 days ago
woody365

I think it’s funny as the people have give up moaning about Samsung pay not being available in the UK on every Samsung pay post.
But seriously.. WHERE THE F*CK IS IT?? lol

obsydian
9 months 14 days ago
obsydian

WOW AmAZING – What a total farcical joke, Samsung Pay is basically redundant.
Samsung had the chance to lead the way, totally f**ked up and now Apple/Google and key major banks have established their versions.

akshay roy
9 months 14 days ago
akshay roy

Samsung please use Visa and Ru pay because there are not much American Express cards in India

Viggy
9 months 14 days ago
Viggy

They are screwed up
There are hardly any banks that issue American Express cards in india
I live in a metropolitan city and I haven’t seen any Indian use an American Express card in the last 10 years
And I know for a fact that the few foreigners who use them have a hard time finding a pos terminal which supports it except at the airports
So it’s a major disaster start for Samsung if they start off with only AE

sammobilerockz
9 months 13 days ago
sammobilerockz

Epic Lol! Are you unemployed? I, along with few thousand of colleagues in my organization use Amex. Stop living in a life of your own, come out of that cocoon.

prabhu03
9 months 13 days ago
prabhu03

Do all your family members uses AMEX?

wpDiscuz
Top
Android Oreo Mega Deal! One year SamMobile Premium from €55 for €25! Android Oreo Mega Deal! One year SamMobile Premium from €55 for €25! X