Samsung Pay support for UPI payments has reportedly gone live in India. According to a SamMobile report, Samsung has quietly rolled out the UPI integration with an 84MB size app update today.
The South Korean company launched the Samsung Pay mobile payments service last month in India. During the launch event, the company said that it is testing the UPI payment integration and it will add the support within two weeks.
Just to remind, Samsung Pay supports two kinds of technologies to make payments- Near Field Communication (NFC) and company’s own MST (Magnetic Secure Transmission). NFC payment systems have been around for a while (although not in India), but MST is new and it allows a user to send a magnetic signal from smartphone to the payment terminal wirelessly without having to touch the card reader machine, like what you’ve been seeing in Samsung Pay ads.
Also, for those who are unaware UPI payment system. It is the Unified Payments Interface by RBI which allows transferring of funds between any bank in India. To note, Samsung Pay’s UPI solution is powered by Axis Bank.
The Samsung smartphones that are currently compatible with Samsung Pay are recently launched Galaxy S8, Galaxy S8+, the Galaxy S7, Galaxy S7 edge, Galaxy Note 5, Galaxy S6 Edge+, Galaxy A5 (2016), Galaxy A7 (2016), Galaxy A5 (2017) and Galaxy A7 (2017).
In the future, this will be extended to more Samsung devices as well as wearables, starting soon with the Samsung Gear S3 Smartwatch.