Samsung today announced that it has started a trial service of Samsung Pay in South Korea for Galaxy S6 and Galaxy S6 edge owners.
The trial service started from July 15 and is available to only selected customers who have a Samsung Card and use Samsung’s latest flagship handset.
Samsung’s payment service is superior to Apple Pay since it supports Point of Sale terminals that feature NFC along with older card readers that make use of magnetic secure transmission (MST).
Once a user has added their card in Samsung Pay, they will be able to pay using their Galaxy S6 or S6 edge at any shop by simply launching the Samsung Pay app and touching their phone to the point of sale terminal. For security measures, they will need to authorise their transactions by placing their finger on the home button, which sports a touch-based fingerprint scanner.
Here is what the company has to say about the security measures it has taken for Samsung Pay to make the whole process secure.
Samsung Pay uses a variety of security technologies and a high level encryption system. Your card number is not stored in your device and not sent when making a transaction. Instead, it’s substituted for a unique, encrypted “token,” which your bank will be able to link to your card. On top of that, payments cannot be completed without either your fingerprint or PIN at the time of payment. The Galaxy S6 and S6 edge devices are equipped with Samsung KNOX mobile security platform which constantly monitors for malicious activities in your device. And finally, if you lose your device, using Find My Mobile allows you to lock your device remotely or wipe your data on the device after it is lost.
Samsung is scheduled to launch Samsung Pay in South Korea and the United States later this year. Reports have indicated that the launch will happen around the same time the company unveils the Galaxy Note 5 and Galaxy S6 edge Plus.
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