Feeling left out because Apple Pay is finally in Singapore? Don't worry, Samsung fans, you'll get your Samsung Pay mobile payment very soon.
Starting from 16 June, you can add your credit cards and start paying with Samsung Pay.
Its payment network is much more wider than Apple Pay, which currently only supports American Express with others to come in the future. Once Samsung Pay is launched, your American Express, MasterCard and Visa cards, along with banks such as DBS/POSB, OCBC Bank and Standard Chartered, will be supported.
Update 30/05: Samsung has also announced that it's adding Citibank to the list of supported banks. That particular bank is missing from Apple Pay's expansion of its reach to a Visa or Mastercard card from POSB, DBS, Standard Chartered, UOB, and also OCBC. Though to be honest, it's a matter of time before Citibank jumps on board the Apple Pay bandwagon.
Also, the likelihood of using Samsung Pay at your nearby stores is pretty high. The mobile payment system theoretically works just like your credit card, but rather than swiping it on a credit card terminal, you just tap on the same terminal to simulate a magnetic swipe with Samsung's proprietary Magnetic Secure Transmission (MST) technology.
Think of the possibilities: tapping your phone to buy groceries at supermarkets, new clothes at departmental stores, paying for your munchies at food and beverage outlets, or even get another gadget from an electronics retailer.
Of course, you can't just go around tapping someone else's phone to pay, it'll be securely locked under fingerprint authentication. The security and novelty of tapping a smartphone to pay for purchases probably explain why 71% of respondents in a survey conducted by Samsung expressed interest in adopting Samsung Pay.
One final note: it's called Samsung Pay for a reason - you'll only be able to use this payment system with the Samsung Galaxy Note 5, Galaxy S6 Edge+, Galaxy S7 and S7 Edge.
Considering the imminent launch of Samsung Pay and how you can now tap your smartphone to pay for your bus and train rides here, you won't ever have to go into panic mode when you run out of cash to pay for anything in Singapore