It is the first payment platform of a technology company coming to Spain. And it is also the first European country that Samsung chose to land. Samsung Pay is here officially, now same already we can use payment platform in a large number of establishments. But, how will the revolution of mobile payments according to Samsung?
Before Apple and Google
The key to the launch of Samsung Pay is to arrive earlier than Apple Pay and Android Pay. Apple and Google platforms had the potential to reach many users, like Samsung Pay. However, the latter which has previously come to Spain, and is not something casual. Actually from the company point to the fact that our country is the second in the world in which most smartphones there by user, after Singapore. We use a lot the mobile.
Will mobile payments have success?
The data tell us that 64% of consumers made purchases with credit or debit card, so all these users should be already concerned itself in to pay with your mobile. To this should be added the fact that there are many users who have a smartphone, and to be able to pay this interest would be even higher.
We must not ignore nor a key aspect, and it is security in payment. We pay with our smart phone using the platform of Samsung KNOX security with our fingerprint. Since our fingerprint is unique, it is still safer than a code of four numbers. And simplicity when it comes to paying is total, as it is the same as that of a NFC card. You only have to approach a compatible payment terminal Mobile to be able to make a payment. At this time it is said that more than 70% of the POS are already compatible with this technology, although it will become almost 90 percent near the end of the year.
Regarding Samsung Pay, it must be said that the platform is available from right now for the Samsung Galaxy S7 and Samsung Galaxy S7 Edge as well as the Samsung Galaxy S6, Samsung Galaxy S6 Edge and Samsung Galaxy S6 Edge +. That Yes, at the moment only with CaixaBank and imaginBank cards. However, it could soon be available also for other banks, and is already spoken of Banco Sabadell and Abanca. We’ll see how long it takes to be available for more users from different banks.
Samsung Pay item is already in Spain, and so is the mobile payments revolution was published in AndroidAyuda.