Samsung touted its mobile payment system, Samsung pay, as the most accepted mobile payment method and it has proof to show exactly that. Samsung pay has crossed the $30 million mark in its first month and this feat counts transaction made only in its home country south Korea. Samsung says that this results was beyond its expectation.
This news come on the eve of launch of Samsung pay in the U.S. where the supported phone such as galaxy s6 and note, when enabled, will make payments at the Walmart as well as the dvd renting shop across the street. Samsung launched a video to kick start the interest among the users.
“Although the details on Samsung Pay usage are constantly being updated, the response we’ve received so far has been beyond our expectations,” Samsung Pay head Injong Rhee said in a statement. “We knew Samsung Pay would be a game-changer in the mobile payments industry and now with the user data, we are seeing the greater impact it is having on consumer behaviour and on the lifestyle of our customers.”
The Samsung pay works differently from other payment systems as it uses the NFC and the magnetic stripe payment terminals to make the transaction possible. Just enter the card details and save the virtual card. When you want to make a payment at any store. Simply open the Samsung pay app. Place your finger on the finger print sensor that authenticates the payment and place the phone next to the payment terminal to complete the process. This all takes place in about 3 seconds.
The payment system is much simpler than the apple pay and the android pay, the other two big players in the payment war. Samsung also added a new feature where you can simply swipe up from the home or lock screen to bring up your virtual cards to make the payment.
Let us wait and watch how Samsung pay performs against the regaining king, the apple pay.
