After the central government’s hard to push for its pet project called ‘Cashless India‘ more and more companies are showing their willingness to become a partner. The latest inclusion is Samsung Pay, and surprisingly it is arriving even before its official launch. Under its ‘Early Access Program’ now selected Samsung model users can register themselves to get the benefits of Samsung Pay.
Not all Samsung smartphone users can avail this facility as only Galaxy S7 Edge, Galaxy S7, Galaxy S6 Edge+, Galaxy Note 5, Galaxy A7 (2016) and Galaxy A5 (2016) are only the supportive models for Samsung Pay. Apart from the phones, even numbers of credit and debit card issuing banks are also limited as of now.
If you are living in India and having credit or debit cards of Axis Bank, HDFC Bank, ICICI Bank, SBI Cards and Standard Chartered Bank then only you can avail Samsung Pay. It will be interesting to see how many clients Samsung Pay can attract with such a limited customer base. There are rumors that more banks starting with Citibank will also join soon.
Because of the current Indian government is making hard to give success to its digital payment initiative after last year’s implementation of demonetization, the market for mobile banking and mobile pay services has vast potential. Perhaps looking at this potential Samsung didn’t wait for an official launch and started the Early Access Program.
In India, NFC is still a distance dream as most of the merchant establishments still using the Magnetic Secure Transmission (MST) for reading the credit and debit cards. Thankfully Samsung Pay can support both NFC and also MST equally, so it will not face any problem at least at the beginning point.
So, if you are owning one of the listed Samsung phones and also a credit or debit cards from the banks above, then you can certainly try this ‘early birds’ offer from Samsung Pay before it even gets an official entry in India.
You can just register yourself with Samsung Pay’s Early Access Program by Clicking the button below
For the registration purpose, you need to give your Full Name, Samsung Account ID, your mobile phone number, email address and a PIN code. Once the registration process is successfully over you will be able to access Samsung Pay and can use it through stores which are compatible with this system. Initially, you will find few takers, but with time passing by the number of the merchant, establishments will increase for sure.