Samsung Pay now available in Mexico
Mobile payment service Samsung Pay is now making its way to Mexico, where it will be the 20th global market (the second in Latin America) to welcome the service. While Samsung Pay does work with retailers that have NFC installed on their POS systems, it also is equipped with Magnetic Secure Transmission (MST) technology. That allows Samsung Pay to work with any retailer who allows consumers to swipe their credit cards to make a payment; that covers just about every store in the world that is open for business. As a result, Samsung Pay works at more retail locations than other services that are limited to supporting NFC only.
Samsung says that its mobile payment service uses three different levels of security including biometrics authentication (fingerprints or iris recognition), Tokenization (the use of virtual information created with each transaction, not stored on the user's Samsung handset), and Samsung Knox (employed to make sure that there is no suspicious activity on a user's phone).
In Mexico, the Samsung handsets that support Samsung Pay include:
In Mexico, the Samsung handsets that support Samsung Pay include:
- Galaxy Note8
- Galaxy S8
- Galaxy S8+
- Galaxy S7
- Galaxy S7 edge
- Galaxy S6 edge
- Galaxy Note 5
- Galaxy A8 (2018)
- Galaxy A8+ (2018)
- Galaxy A5 (2016 and 2017)
- Galaxy A7 (2016 and 2017)
- Galaxy A9 (2016)
- Galaxy A3 (2017)
- Galaxy J5 Pro
- Galaxy J7 Pro
"We are excited to expand Samsung Pay across Latin America and are confident that our customers in Mexico will embrace the ability to easily pay and earn rewards through the convenience of their smartphones. We will continue working to forge alliances with additional partner institutions that our customers care about to reach even more users and help drive the growth of the digital economy."-Claudia Contreras, Marketing Director, Samsung Electronics Mexico
To bring Samsung Pay to Mexico, the tech giant is partnering with credit card firms such as American Express, MasterCard and Visa, along with banking firms like Banorte, Banregio, Citibanamex, HSBC and Santander.
source: SamsungMobilePress
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