What is Samsung Pay and how does it work?

Samsung Pay is a mobile payment and digital wallet service developed by Samsung Electronics. It allows users to make payments using compatible Samsung devices, such as select smartphones and smartwatches. The primary goal of Samsung Pay is to simplify and enhance the payment experience while providing a layer of security for users' financial information. To use Samsung Pay, users must first download the application on their compatible device and set up their payment methods. This can include credit cards, debit cards, and loyalty cards. The app securely stores this information, utilizing tokenization technology to protect card details. When making a purchase, users can activate Samsung Pay by swiping up from the bottom of the screen or opening the application directly. They are then prompted to authenticate their identity using biometrics such as fingerprint recognition or iris scanning, or by entering a PIN. Samsung Pay can be used at any merchant that accepts Near Field Communication (NFC) or Magnetic Secure Transmission (MST) payments. This broad compatibility makes it a versatile option for both online and in-store transactions. Overall, Samsung Pay aims to provide a convenient and secure way for users to manage their payments while enjoying the benefits of a digital wallet. For further details, refer to the official Samsung website.