Just when everyone in Singapore is raving about the arrival of Apple Pay, Samsung has announced that their version of the payment system is coming by end of Q2 2016.
We are extremely excited that Singapore is the first market in Southeast Asia to roll out Samsung Pay. Singapore’s connectivity and openness are ideal conditions for our new mobile service to thrive, together with the interest and readiness of consumers here in adopting this new method of payment.
Samsung Pay is an example of how Samsung is always striving to introduce new technologies that help to enhance and improve the quality of lives of consumers, especially as Singapore moves towards becoming a Smart Nation. Our goal has always been to drive and lead innovation that matters, and we are happy to extend this into the mobile commerce space.
In the effort of bringing the service to Singapore, Samsung is working with MasterCard and Visa, along with major banks in the country, such as DBS/POSB, OCBC Bank, and Standard Chartered.
The company also mentioned that Singaporeans will be able to use Samsung Pay in supermarkets, convenience and departmental stores, healthcare and beauty outlets, as well as food, lifestyle, electronics, and furnishing stores. In addition to NFC, the service works with MST, allowing customers to use traditional POS machines during checkout.
If you are users of Galaxy Note 5, Galaxy S6 edge+, Galaxy S7, and S7 edge, you are in luck as only these devices will be able to use Samsung Pay at the initial launch.