Samsung Pay is doing well in the United States. We’re not sure how it fares against the competition but the South Korean giant is adding more financial partners and banks in the country and other regions. According to Samsung, its mobile payment service now represents about 75% of all the debit and card card market with support from 130 banks and credit unions, at least, in the US. The number will soon increase as TD Bank and Regions Bank will soon offer support for Samsung. Cards from these banks will be added to the current list of Visa and MasterCard banks and credit unions.
Samsung Pay now has a long list of supported banks in the United States and expect more banks and financial institutions to be added. The number is already 3/4s of the whole credit and debit card market. Samsung takes pride in its mobile payment system because it’s easy-to-use with a simple swipe and scanning of fingerprint to pay. It’s also available almost anywhere too because most new and existing terminals like NFC, EMV, and anything with magnetic stripe can accept Samsung Pay. Any terminal where you can tap or swipe your card, Samsung Pay is most likely to be accepted.
Samsung Pay is also guaranteed secure as it takes advantage of fingerprint authentication, Samsung KNOX, and tokenization to ensure that payments are always safe.
SOURCE: Samsung
