Samsung Pay is a mobile payment and digital wallet service by Samsung Electronics that lets users make payments using compatible phones and other Samsung-produced devices. The service supports contactless payments using near-field communications (NFC), but also supports magnetic stripe–only payment terminals by incorporating magnetic secure transmission. In India it also supports bill payments.
|Initial release||August 20, 2015|
|Platform||Selected Samsung Galaxy smartphones & Gear smartwatches|
The service was launched in South Korea on August 20, 2015 and in the United States on September 28 of the same year. In 2016, at the International Consumer Electronics Show (CES 2016), the telecommunications company announced that Samsung Pay would be coming soon to a variety of banks in Australia, Brazil, Spain and Singapore.
Samsung Pay was developed from the intellectual property of LoopPay, a crowdfunded startup company that Samsung acquired in February 2015 for an estimated $300m, one of the largest acquisitions made by the firm. The service supports both NFC-based mobile payment systems (which are prioritized when support is detected), as well as those that only support magnetic stripes. This is accomplished via a technology known as magnetic secure transmission (MST), which emulates the swipe of a permanent magnet strip past a reader by generating the near-field magnetic waveform directly. LoopPay's developers stated that because of this design, the technology would work with "nearly 90%" of all point-of-sale units in the United States (which excludes terminals that require the card to be physically inserted into a slot in order to function).
On phones, the Samsung Pay menu is launched by swiping from the bottom of the screen. Different credit, debit and loyalty cards can be loaded into the app, and selected by swiping between them on-screen.
In May 2020, Samsung Pay unveiled Samsung Money by SoFi, a mobile-first money management experience that makes available a cash management account and accompanying Mastercard debit card via the Samsung Pay app, in partnership with fintech company SoFi.
Samsung Pay's security measures are based on Samsung Knox and ARM TrustZone technologies; credit card information is stored in a secure token. Payments must be authenticated using a fingerprint scan or passcode.
In August 2016, security researcher Salvador Mendoza disclosed a potential flaw with Samsung Pay, arguing that its security tokens were not sufficiently randomized and could become predictable. He also designed a handheld device that could be used to skim magnetic secure transmission tokens, and another which could spoof magnetic stripes on actual card readers using the token. Samsung responded to the report, stating that "If at any time there is a potential vulnerability, we will act promptly to investigate and resolve the issue".
Samsung Pay will not work with devices whose Knox warranty bit is tripped.
(In chronological Order)
|Support for payment cards issued in|
|August 20, 2015||South Korea|
|September 28, 2015||United States|
|March 29, 2016||China|
|June 2, 2016||Spain|
|June 15, 2016||Australia|
|June 16, 2016||Singapore|
|July 13, 2016||Puerto Rico|
|July 19, 2016||Brazil|
|September 28, 2016||Russia|
|November 8, 2016||Canada|
|February 8, 2017||Thailand|
|February 24, 2017||Malaysia|
|March 22, 2017||India|
|April 27, 2017||Sweden|
|United Arab Emirates|
|May 16, 2017||United Kingdom|
|May 23, 2017||Switzerland|
|May 25, 2017||Hong Kong|
|September 28, 2017||Vietnam|
|November 15, 2017||Belarus|
|January 30, 2018||Mexico|
|March 22, 2018||Italy|
|April 26, 2018||France|
|August 21, 2018||South Africa|
|March 23, 2019||Indonesia|
|January 21, 2020||Kazakhstan|
|September 20, 2020||Kuwait|
|October 28, 2020||Germany|
In May 2016, it was reported that Samsung was developing a spin-off of the service known as Samsung Pay Mini. This service will be used for online payments only, and is also being targeted as a multi-platform service.
In January 2017, Samsung has confirmed that Samsung Pay Mini will not only work on its Galaxy devices but on other Android phones as well, as long as they are running Android Lollipop or above and have a screen resolution of 1280 × 720 pixels or higher.
In June 2017, Samsung launched Samsung Pay Mini and currently available on Galaxy J7 Max/On Max (in India)
Availability is limited not just on the basis of where the payment card is issued, but also on the basis of the phone's region (CSC) code. Thus a phone made for an unsupported region can never use Samsung Pay even if it physically resides in a supported region and has a local SIM card. The rather unrelated error "Connection error. Unable to connect to Samsung Pay temporarily. Try again later." is how Samsung Pay reports this problem.
Comparison with instant paymentEdit
In digital wallet-based payment systems like PayPal, Apple Pay, AliPay, WeChat Pay, etc. users receive immediate notification of the transaction, but funds are transferred at best in the next business day. The settlement time depends on the payment method chosen by the customer, while for instant payment systems, the funds are transferred within seconds or minutes.
- Samsung Galaxy S6 (including S6 Edge, Active, and Edge+; S6, S6 Edge and S6 Active; MST technology limited to some markets, NFC technology available on all models)
- Samsung Galaxy S7 (including S7 Edge & Active)
- Samsung Galaxy S8 (including S8+ & Active)
- Samsung Galaxy S9 (including S9+)
- Samsung Galaxy S10 (including S10e, S10+, S10 5G and S10 Lite) (NFC only for S10 Lite)
- Samsung Galaxy S20 (including S20 5G, S20+, S20+ 5G, S20 Ultra 5G)
- Samsung Galaxy S20 FE (including S20 FE 5G - NFC Only)
- Samsung Galaxy S21 (including S21+ and S21 Ultra) (NFC Only for all S21 models)
- Samsung Galaxy Note 5
- Samsung Galaxy Note 7 (discontinued as of October 2016)
- Samsung Galaxy Note FE
- Samsung Galaxy Note 8
- Samsung Galaxy Note 9
- Samsung Galaxy Note 10 (including Note 10+, Note 10 5G, Note 10+ 5G and Note 10 Lite) (NFC only for Note 10 Lite)
- Samsung Galaxy Note 20 (including Note 20 5G, Note 20 Ultra, Note 20 Ultra 5G)
- Samsung Galaxy Fold (including Fold 5G)
- Samsung Galaxy Z Flip (including Z Flip 5G)
- Samsung Galaxy Z Fold 2 (including Z Fold 2 5G)
- Samsung Galaxy A5 (2016), A7 (2016), A8 (2016), A9 (2016) and A9 Pro (2016)
- Samsung Galaxy A3 (2017), A5 (2017) and A7 (2017)
- Samsung Galaxy A6 / A6+ (only available to selected countries, NFC only)
- Samsung Galaxy A8 (2018) (including A8+ (2018) and A8 Star (2018), NFC only for A8 Star (2018))
- Samsung Galaxy A7 (2018) and A9 (2018) (NFC only)
- Samsung Galaxy A40, A50, A70 and A80 (only available to selected countries, NFC only)
- Samsung Galaxy A30s, A40s, A50s and A70s (NFC only)
- Samsung Galaxy A90 5G (only available to selected countries, NFC only)
- Samsung Galaxy A21, A31, A51 & A51 5G and A71 & A71 5G (NFC only)
- Samsung Galaxy J5 & J7 (2016) (only available in selected countries)
- Samsung Galaxy J5 (2017)/J5 Pro (only available to selected countries)
- Samsung Galaxy J7 (2017)/J7 Pro (only available to selected countries)
- Samsung Galaxy J7 Max (2017) (only available to selected countries)
Galaxy C and othersEdit
- Samsung Galaxy C5 and C5 Pro
- Samsung Galaxy C7 and C7 Pro
- Samsung Galaxy C9 and C9 Pro
- Samsung Galaxy On5 (2016) (also known as Galaxy J5 Prime in other countries)
- Samsung Galaxy On7 (2017) (also known as Galaxy J7 Prime in other countries)
- Samsung W2017 (non-Galaxy smartphone)
- Samsung W2018 (non-Galaxy smartphone)
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