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Samsung launches new mobile payment service in India
(MENAFN) Samsung Electronics Co. stated that it has lately revealed its mobile payment service called Samsung Pay in India.
The South Korean Company further posted it has sealed deals with 7 main Indian financial companies such as AXIS Bank, HDFC Bank, as well as SBI to launch the mobile payment tool on the subcontinent.
Never the less, Samsung announced that Samsung Pay depends on a magnetic secure transmission technology, permitting users to make transactions with smartphones even via traditional credit card machines.
Meanwhile, the S. Korean tech giant also said that it aims to continue rolling out several add-on services through Samsung Pay for Indian customers.
The South Korean Company further posted it has sealed deals with 7 main Indian financial companies such as AXIS Bank, HDFC Bank, as well as SBI to launch the mobile payment tool on the subcontinent.
Never the less, Samsung announced that Samsung Pay depends on a magnetic secure transmission technology, permitting users to make transactions with smartphones even via traditional credit card machines.
Meanwhile, the S. Korean tech giant also said that it aims to continue rolling out several add-on services through Samsung Pay for Indian customers.
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