Tech giant Samsung has again startled the global market by launching its new payment app. Samsung Pay, the new app, is going to hit the Indian market by the first half of 2017. Samsung has already partnered with American Express and is further planning to partner with Mastercard and Visa.
South Korean technology giant Samsung and the major card companies in collaboration have introduced “Samsung Pay” in the global market. For the payment services, India is a very big market. But the shipping of only 2.5 Million devices such as Galaxy Note 5, Galaxy S6, and Galaxy S7 in India restrains the payment service market.
According to Sammobile, Samsung has now started introducing the Samsung Pay app in the newly updated Galaxy Note 5 device since December 2016. The escalating growth in this payment service can be only expected after its introduction in the affordable devices.
When users of the devices such as Galaxy S7 and S7 edge upgraded the phone to run Andriod 7.0 Nougat they get a message saying “The future transaction service is coming soon.” In South Korea, Samsung has already developed an online payment app called “Samsung Pay Mini” which runs on Android OS smartphones but it can be used only in South Korea after downloading the app.
Speaking of sales, Samsung has crossed the Korean border to boost its sale in the Indian market and make the transaction processes in India easier. After Samsung its Apple’s turn to introduce “Apple Pay” in the Indian market in the coming years.