Samsung Pay is the mobile payment solution from Samsung which is available across a number of countries around the world. The company has been work actively on its expansion to as many countries as possible and it seems like India is the next country on its list.
As per a new SamMobile report, Samsung is planning to bring Samsung Pay to India during the H1 2017. And in order to boost the adoption rate for the service in India, it is also expected to add Samsung Pay to its mid-ranger smartphones.
While India is not known to be a heavy user of online payment methods, the recent demonetization of Rs. 500 and Rs. 1000 currency notes has resulted in a significant growth in the number of people opting for methods like net banking, credit/debit cards, and digital mobile wallets. This seems to be the reason Samsung might have seen this is as the best time for releasing Samsung Pay in India.
The actual Samsung Pay India release is expected to fall in line with its release in the United Kingdom. It was earlier scheduled to go live in the UK by the end of 2016 but due to issues surrounding partnerships with banks, the launch has now been delayed until next year.
We will keep you updated once Samsung Pay goes official in India or any other information appears.