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Samsung has announced plans to introduce Samsung Pay to three more countries by the end of the year, including Malaysia, Russia, and Thailand. The company has also announced plans to integrate Mastercard’s digital payment service, Masterpass, into Samsung Pay starting in 2017.
The big benefit of adding Masterpass into the fray with Samsung Pay users is all about speed. Being able to quickly add your payment information in while shopping on your mobile devices, will definitely add a convenience factor and could help folks decide which smartphone to use.
As for the new features coming to Samsung Pay next year, the company is integrating the ability to view various sales going on at local stores. The Samsung Pay application will alert you when your close to a location that is offering some type of discount or coupon, which will be redeemable from within the application.
The company is also adding in-app payments to the mix, as users will be able to select their credit or debit card of choice while shopping. At the start, there will only be a few apps that will include this functionality, but Samsung is planning to add more support in the future.
Samsung Pay definitely continues to grow as the service now “supports over 500 banks and credit unions”. This translates to Samsung Pay being available for “over 85% of the US debit card and credit card market.” All of this begs the question, are you using Samsung Pay regularly? Or have you set the service up and continue to reach for your wallet?
[Samsung]
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