However, Samsung was now offering to take care of those monthly payments until 2016 for people who bought a new Galaxy phone between now and 9 October. In order to make the Galaxy S6, the Galaxy S6, the Galaxy S6 Edge+ and the Galaxy Note 5 handsets ready for the upcoming Samsung Pay service, carriers like Verizon Wireless, T-Mobile and Sprint have already released fresh updates since last Friday.
Advertisement
Don’t forget that those trading in an iPhone 4S or higher (except iPhone 5C) are also set to get $100 in Google Play credit, and that offer can be stacked with the installment promotion.
Samsung believes it has an advantage with its system, which it obtained through the purchase of LoopPay earlier this year, because it will allow devices like the Galaxy S6 and S6 Edge to work with many more merchants and stores.
With Samsung Pay joining Apple Pay and Android Pay, mobile payment may finally start experiencing the US growth experts have been predicting since Apple Pay launched a year ago.
Meanwhile, Samsung Pay is launching in partnership with a number of financial partners, including American Express, Visa and MasterCard, as well as Bank of America, Citi, and U.S. Bank. Although the shift will be slow, and magnetic stripe card readers will be around for a while still, eventually Samsung’s clever technology will be obsolete.
“Global Payments is a valued partner to help Samsung bring mobile payment from every-once-in-a-while to nearly anywhere”, Injong Rhee, EVP of Samsung Electronics, Global Head of Samsung Pay.
Samsung Pay similarly works with NFC but can also be used at payment terminals that only have magnetic credit card processing.
One iPad-based payment terminal called Shopkeep wasn’t able to complete Samsung Pay transactions. But it wasn’t more official than now, as the Samsung Galaxy Mega On passed TENAA certification in China today.
Advertisement
According to Android Headlines, one of the biggest mobile carriers in the United States, AT&T, the latest Samsung devices to get the software update are the Galaxy Tab 4 8.0 and Galaxy Note Pro 12.2 which were launched on the first quarter of 2014. Samsung Pay is backed by digital tokens, Samsung Knox security and fingerprint authentication.
