Samsung Pay Mini probably coming to iOS and Android in June 2016, will focus on online payments

There's an ongoing rumor that Samsung could be gearing for a new major product announcement, but that one is supposedly not a smartphone. Yep, the rumor mill claims Samsung Pay Mini could get unveiled sooner than later. Wait, what?

No, we made no mistake here. It seems that the South Korea-based company has developed a lightweight version of its Samsung Pay service, which will only be used for online payments and won't allow contactless payments using the MST standard (Magnetic Secure Transaction). As a refresher, MST is one of the major selling points of Samsung Pay, as neither Apple Pay or Android Pay support that one.

The most probable reason behind Samsung's next payments service is the fact that Samsung Pay has been mostly used for contactless in-store payments with online transactions being below 20% of all payments till now. Hence, a dedicated online payment gateway!

The Samsung Pay Mini app will provide an easy way to store credit/debit card data on one's device, allowing for a quick and convenient way of purchasing whatever your heart desires. Apart from hassle-free payments over the web, it will also store incoming receipts. Security will reportedly be ensured by a 6-character passcode and/or a fingerprint locking.

Rumor has it that the toned-down version of Samsung Pay will become available for iOS 8+ and Android Marshmallow-running devices sometime in June. Desktop versions for PC and Mac are not ruled out either.

source: ETNews via SamMobile




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8 Comments

1. AndroidBoy21

Posts: 72; Member since: Dec 29, 2015

How about in one app please

4. maxha97

Posts: 100; Member since: Aug 28, 2012

Samsung mini app os included in galaxsy samsung pay app. It's for non galaxy users

2. oozz009

Posts: 520; Member since: Jun 22, 2015

"Samsung Pay Mini", WTF is this Samsung?? Are you trying to confuse your customers or what:D

3. cherry.dev

Posts: 107; Member since: Apr 15, 2016

Spamsung doing their thing, normal.

6. catze86

Posts: 731; Member since: Dec 07, 2015

Read the article again, please!

5. catze86

Posts: 731; Member since: Dec 07, 2015

Its for any android and iOS devices.

7. Elfmonster unregistered

Why would I use Samsung mini pay on a non Samsung phone instead of any number of payment services already so well established, at least at launch. Incentives?

8. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

You don't have too. That doesn't mean no one will.

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