Tech’s all about making things more efficient. That’s why we’ve been waiting for contactless payments to make their way over to India. After all, any time saved paying for your lunch gives you more time to browse around for more stuff to buy. And you get to leave your credit cards at home.
A couple of banks do offer contactless payment cards, but Samsung’s gone a step (actually, many, many steps) further. Selected models of Samsung phones (primarily their flagship and midrange devices) and even the Gear S3 smartwatch will now offer contactless payments in India.
All you gotta do is load up your credit card (or debit card, or UPI…) info into the Samsung Pay app, and as Samsung’s tied up with quite a few leading Indian banks and card issuers (it’s a cinch your card will be compatible), that’s it. The next time you're out for a pizza, tap and pay.
You can touch this
You can pay via Magnetic Secure Transmission (which works with existing card payment terminals or NFC (not that many terminals around) by simply starting up the Samsung Pay app, selecting which card you want to use, and tapping your phone (or Gear S3) against the card reader.
Samsung also promises your data’s safe as houses - the app uses a combination of fingerprint authentication, a token-based system and their own Samsung Knox security tech.
So what do you need to make use of Samsung Pay? A recent high or midrange Samsung device: The Galaxy S7 Edge, Galaxy S7, Galaxy Note 5, Galaxy S6 Edge+, Galaxy A5 (2016), Galaxy A7 (2016), Galaxy A5 (2017) and Galaxy A7 (2017) will work. The Gear S3 will soon receive an update to make it compatible. You can also expect future high-end devices from Samsung to support contactless payments. And as you'd expect, you’ll also need a debit / credit card from any of the banks Samsung has partnered with - Visa, MasterCard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Card and Standard Chartered Bank.