Samsung Pay, the mobile payments service app of Samsung, has got a huge update this week in India. As fraction of this upgrade, consumers will now be allowed to pay their electricity, mobile postpaid, utility, and DTH (Direct-to-Home television) bills. The feature of Bill Payments is already accessible on the application. Besides this, there is also an alternative to save IFSC information and bank account in UPI of the contacts. This makes the process of transacting money a much smoother operation. The update also permits consumers to add cash to the mobile wallet straightly from the card.
Previous month, the tech major of South Korea posted that it has witnessed an extra of 1 Million consumers in just a month. “Last month, we had declared that we had 1.5 Million consumers for Samsung Pay. Now we have an extra 1 Million consumers in the 1.5 Months. The consumer growth has been remarkable,” said Sanjay Razdan, Director of Commercialization Group for Product Planning at Samsung India, to the media in an interview. Last month Samsung also included support for Unified Payments Interface (UPI) transactions through Bharat QR codes.
Samsung Pay made an entry in the nation in March 2017 and India has the 3rd-highest number of consumers of Samsung Pay amongst the 20 countries post Russia and South Korea. It was initially enabled on 10 handsets and has since extended to 26 devices of the company.
Amazon Pay and Google Tez are 2 other platforms for mobile payment from major tech behemoths. Google Tez is a latest applicant and was rolled out in September whilst Amazon Pay arrived in August to India. Google Tez is an India-only UPI-based app. Employing Google Tez, consumers can pay straightly from their account in the bank. They do not have to open a different account on the platform of Tez.