Online shopping provides us the easiness in shopping. Whatever we want is available sitting and enjoying at home.What if I tell you that paying online as it involved too many risks and is not at all an easier task to do? You will definitely say a yes to my question. Have you ever wondered this can be made easy and more secure? If yes you would know why we had such a discussion? The Samsung pay app is likely to be launched for the US in 2016. This is going to be a great discovery in the history of Samsung app development. Samsung is taking its steps forward to provide one stop solution for shopping in the US. It will be more secure, user-friendly and innovative; its services will be based on e-wallet concept. Every small and cheap phone from Samsung will contain this app by default. Samsung Electronics Co. has planned to expand its mobile payment services in the United States by next year, allowing usersto shop online and pay for that with support the electronic wallet.
More about Samsung Pay – the app in news:
Samsung Electronics plans to expand its mobile payment service in the making in the United States next year, allowing users to shop online and more smartphones that support the electronic purse. Low price phones of Samsung are likely to start offering mobile wallet from the next year itself as said Thomas KO, co-general manager of global payment Samsung, he said in an interview telecasted on television. The service debuted in Korea in just a handful of high-end Samsung phones, including the Galaxy Note 5, the edge of the S6, S6 Galaxy, and Galaxy S6 Edge Plus.
The history behind:
Samsung Pay has already scored an advantage over its main rivals Apple and Android, with the launch of its service in the United States on 28 September with the technology that is widely used in most stores. Apple Alphabet payment and payment Android require retailers to install new equipment. By accepting online payments, Samsung Pay competes with established rival PayPal, as well as newcomers, such as Visa, Visa Checkout. Mobile wallets have struggled to make a grip in the United States, which has also been in Europe and Asia to adopt technologies slowly such as credit cards embedded with microchips.
How smart is Samsung to move in the queue
Yes, Samsung is in the rat race and has entered the queue of operators that feature e-wallet. For Samsung, moving in line could be a smart move- James Wester, director of research, global payments, IDC Financial Insights, said. According to him, it will help create the habit of customer that can benefit from that when US consumers transact in stores. While Samsung Pay till now is the most widely accepted mobile wallet, customer adoption remains an obstacle, as many buyers find not worth the trouble to use the service when swiping a credit card is just as easy, he said. Samsung Pay had an average of eight transactions per user in the United States within the first four weeks of its release, the company said in October.When you hold your Samsung mobile phone with Samsung Service Application Payment open on the screen of a credit card reader, the machine instantly recognizable card payment and payment is done through your phone.