From the shopping mall, to a restaurant, or to your favorite department store. Samsung Pay is accepted at more places than any other mobile payment system out there. Privacy and security with each and every payment.
What is Samsung Pay ?
Samsung Pay is an app which can be downloaded. It lets you make online payments by using your Samsung phone, instead of using cash, credit or debit cards. With the app you can run to the store without having any cards or cash with you at all. If you don't already have a Samsung phone, Samsung Pay isn't a good reason to buy one.
Samsung's phones use Magnetic Secure Transmission technology to send the data from your card to the terminal. It also supports NFC. This means that you can only use this service at stores that have NFC POS terminals.
Photo Credit: Samsung.com
Samsung Pay lets you make online payments by using your Samsung phone, instead of using cash, credit or debit cards. With the app you can run to the store without having any cards or cash with you at all.
Samsung phones use Magnetic Secure Transmission technology to send the data from your card to the terminal. It also supports NFC. This means that you can only use this service at stores that have NFC POS terminals.
Special Features
- Almost works at all stores
One of the main feature is that it almost works at all stores which accept debit or credit cards. Not just those with tap-to-pay NFC terminals.
- Cash back and rewards
Samsung Pay also offers a cash back feature, promotions including bonus Samsung account points and vouchers with a number of participating retailers.
What are Samsung Reward Points?
Samsung Reward Point is a loyalty program where buyers earn Samsung Rewards points by buying Samsung products using Samsung services.
Every successful transaction that you make using Samsung Pay will earn you Samsung Reward Points. All these points can later be used to redeem your choice of vouchers from the redemption section.
Comparing Samsung pay with Google Pay
One of the main differences between Samsung pay and other digital wallets is that Samsung Pay almost works at all stores which accept debit or credit cards, not just those with tap-to-pay NFC terminals.
Both Android mobile transaction providers for (Samsung’s and Google’s) literally do the same thing. Both the providers allow you to store your card payment details and to pay for transactions, both at the counter or online.
Samsung Pay does have the combined MST and NFC technology meanwhile, Google Pay remains more widely available than Samsung Pay, which is limited to only 24 countries.
Photo Credit: Samsung.com
Conclusion
Whether you choose Samsung Pay or Google Pay it basically depends on the device that you use and your personal preferences. Both Google Pay and Samsung Pay use the same technologies to ensure the security of your private or financial information.
Samsung Pay’s Security
Samsung claims to be the only company in the world to offer kernel protection. Offering multi-layered security, it safely defends your most sensitive information from malware, viruses and malicious threats. An attacker that can get past the Linux kernel defenses would not be allowed to modify the kernel executable code. This greatly reduces the impact of kernel attacks on the whole system.
A lot of Samsung tablets, devices, and wearables are designed with Knox protection platform built into their architecture. Through constant monitoring, Samsung Knox ensures your card information is encrypted in a separate and secure data storage space at all times. This safeguards the information of more than 1 billion Samsung consumers and business devices.
Knox (the high level mobile security platform) encrypts your data so well that it can not be exposed or even vulnerable. Even in the event of robbery or loss. Knox 3.3 which was released in 2019, added Knox Dual Data-at-Rest (DAR). In this latest release the data will remain encrypted even though your device might be powered off and won’t be decrypted unless you choose to completely unlock it.
Some of the government organizations that want very high levels of protection use Knox security.
Click here to download Samsung pay
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