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South Korean Electronics Giant Samsung on Wednesday launched its digital payment service, Samsung Pay, in India. The company has also announced that the service integrated with Paytm as well and Unified Payments Interface (UPI).
Devices that support Samsung Pay service include Galaxy Note 5, Galaxy S7, Galaxy S7 edge, Galaxy S6 edge+, Galaxy A7 (2016) and Galaxy A5 (2016), Galaxy A7 (2017) and Galaxy A5 (2017). It also works with Samsung Gear S3 smartwatch.
Samsung Pay works with all the PoS (Point of Sale) Terminals that supports NFC (Near Field Communication) or MST (Magnetic Secure Transmission). To make payment, the user will have to bring the phone near the PoS Terminal, select the card and authenticate himself/herself using PIN or Fingerprint.
The company has also partnered with Axis Bank, HDFC Bank, ICICI Bank, State Bank of India (Only Credit Card), Standard Chartered Bank, Visa, MasterCard and American Express.