Samsung in partnership with China UnionPay has finally launched its popular contactless payment system Samsung Pay in China.
Those in China will be able to use the mobile payment system with the Galaxy S7, Galaxy S7 Edge, Galaxy S6 Edge+ and Galaxy Note 5. Samsung mentioned in a press release that it will add support for some popular mid-range models in the future as well.
Here’s the official list of banks Samsung Pay supports from the get-go:
“Samsung Pay currently supports select credit and debit cards from nine banks including China CITIC Bank, China Construction Bank, China Everbright Bank, China Guangfa Bank, China Minsheng Banking Corp. Ltd, China Merchants Bank, Hua Xia Bank , Industrial and Commercial Bank of China and Ping An Bank.”
Samsung mentioned that it will support credit and debit cards from Bank of China, Bank of Beijing, Bank of Communications, China Bohai Bank, Industrial Bank and Shanghai Pudong Development Bank.
It’s important to keep in mind that Samsung Pay is more widely available, as it includes MST (Magnetic Secure Transmission), which is a technology used in older POS terminals. That said, retailers won’t necessarily have to upgrade their POS readers to support Samsung Pay, making the contactless payment service much more widely available.
Samsung Pay has taken the world by storm, and is quickly overtaking other services and offerings like Android Pay and Apple Pay. This expansion to China, and eventually other regions, will only increase its success.
If you need some help setting up Samsung Pay, click here for a detailed tutorial, as our very own Justin Herrick takes you through the steps of getting the contactless payment service up and running on your smartphone.
We’ve got the press release below.
Samsung Pay is now available in China with China Union Pay
Samsung Electronics and China UnionPay (CUP) announced the launch of Samsung Pay in China. A simple, safe and easy-to-use mobile payment service, Samsung Pay works virtually anywhere you can swipe or tap your card in China. Samsung Pay will enable users to safely manage and use their debit and credit cards on eligible Samsung mobile phones with CUP.
“We are pleased to be partnering with CUP to bring Samsung Pay to China,” said Injong Rhee, EVP and Head of R&D, Software and Services of Mobile Communications Business at Samsung Electronics. “The reception of Samsung Pay since its launch has been extremely positive and the service has already seen tremendous success in terms of availability and adoption by consumers. In compliance with national laws and regulations, thanks to cooperating with CUP and many banks, we ultimately want to make Samsung Pay available to as many consumers as possible in china, so that everyone can have the opportunity to enjoy the simplicity, safety and convenience of this mobile payment solution.”
“China UnionPay attaches great importance to the security and innovation of payment. In order to follow the tendency of mobile payment in both China and abroad, CUP cooperates with industry to bring safe and convenient mobile payment experience for millions card holders. With the joint efforts of banks and Samsung, based on the safety testing and certification by relevant national testing agency, CUP QuickPass starting Samsung Pay service will bring users safer and more convenient mobile payment choice.” said Hu Ying, Assistant President of UnionPay.
Samsung Pay is currently available on the Samsung Galaxy S7, Galaxy S7 edge, Galaxy S6 edge+ and Galaxy Note5 in China with the opportunity to support additional mid-range models in the future.*
Samsung Pay currently supports select credit and debit cards from nine banks including China CITIC Bank, China Construction Bank, China Everbright Bank, China Guangfa Bank, China Minsheng Banking Corp. Ltd, China Merchants Bank, Hua Xia Bank , Industrial and Commercial Bank of China and Ping An Bank**
Samsung Pay will eventually include future support for select credit and debit cards from six additional banks including Bank of China, Bank of Beijing, Bank of Communications, China Bohai Bank, Industrial Bank and Shanghai Pudong Development Bank. Samsung Pay continues to strategically expand its partnership ecosystem to provide greater flexibility, access, and choice for customers.
To make a payment with Samsung Pay, consumers simply swipe up from Home bottom whether the phone screen is locked, going black or in home screen, scan their fingerprint and pay, which is quite easy and convenient. In term of safety, Samsung Pay has three layers protection, which are fingerprint authentication, tokenization and KNOX. Because of innovative technology, Samsung Pay can be used on both QuickPass POS terminal with NFC and more POS terminals without NFC technology, which is more accepted than other similar applications with only NFC technology.