Samsung Pay launches in South Africa on its third anniversary
Terminal updated: August 21st, 2018 at 16:12 UTC+01:00
Samsung launched its mobile payments service Samsung Pay back in August 2015. South korea was the first country to become it earlier it was gradually rolled out in other markets across the earth. Three years down the line, Samsung Pay is now available in 24 markets across six continents. The company today appear the full launch of Samsung Pay in South Africa.
Samsung has seen considerable success with its payment service. Information technology has continued to expand the service to boosted markets and the localized approach has helped the service quickly brand space for itself. Samsung Pay has now processed more than than 1.3 billion transactions globally.
Samsung Pay in South Africa
The Samsung Pay launch in South Africa has been a long time coming. It was supposed to be launched alongside the Galaxy Note viii in the country last year but that didn't happen. It was revealed 4 months ago that Samsung Pay would be launched in South Africa around the summer. It'south finally beingness launched days earlier Samsung releases the Galaxy Annotation 9.
Samsung has approximately 2,000 banking and financial partners for Samsung Pay globally. The service now supports online payments in xv markets and transit cards in v markets. Loyalty and membership cards are supported in 20 markets while users can also perform ATM transactions in iv markets.
Information technology'south this localized arroyo that has helped Samsung Pay quickly build up its user base. The partnerships, value-added services, and capabilities are customized for each market. It also works with existing payment services when it'due south launched in a new market.
Ane of the master reasons why Samsung Pay has been able to expand chop-chop is its back up for MST. The Magnetic Secure Transmission technology is what enables the service to be used at almost any retail in a market where the service has been launched. It eliminates the need for special NFC terminals, enabling users to pay with Samsung Pay anywhere they tin can already pay using a bank carte du jour.
Cheque out the infographic showing Samsung Pay'due south current status beneath.
Source: https://www.sammobile.com/2018/08/21/samsung-pay-in-south-africa
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