Smartphone manufacturers have made mobile payment options a continually growing market. This is in an effort to replace the conventional way of making payments which is money in your wallet with smartphone capabilities. Most OEMs offer similar set of features, with the likes of Android Pay and Apple Pay making use of NFC standard as a means of communicating with payments terminals. This often requires the hardware upgrades by retailers to enable wireless payments.Samsung has acknowledged the importance of providing this kind of support while voiding the need for retailers spend huge amounts in upgrading their hardware. This the OEM has done by approaching mobile payments differently, by accommodating all that Android Pay has to offer, as well as offering its own added support. In contrast to the current mobile payment systems available, Samsung Pay does not only support NFC but is also features Magnetic Secure Transmission support, this means that it is capable of working with every payment terminal that is able to accept payments that are contactless or the traditional method of card wiping through a reader to authorize payments.But the real question is, what is Samsung Pay? How does it function? And can you really use it? Are their banks that support it and does the MST really work or it is just another marketing gimmick?Samsung Pay is Samsung's mobile payment solution. The platform allows you to make food and service purchases with just a wave of your Samsung device near a cash till rather than swiping a card, handing out your payment info or reaching out for your physical wallet. It also allows you to save your debit, credit and loyalty card on your mobile wallet. Samsung Pay has been active for several months in the US and South Korea, but Samsung has announced that it will soon make its way to the UK. The payment system is currently only compatible with the latest Galaxy devices including the Galaxy S7 edge, Galaxy S7, the Galaxy S6, S6 edge+,S6 edge, S6 Active, and the Galaxy Note 5.All you simply have to do, is on a compatible Android phone, install the Samsung Pay app, have the all the cards and banks accounts you need registered and it will starting making payments directly through these selected sources.
What's my model number?
There are several ways to locate your model number:
- Option 1
- On your device, go to Settings, then "About device" and scroll down to "Model number"
- Option 2
- Often times you can view the model number inside the device, by removing the battery
- Option 3
- Using Samsung's model/serial number location tool