Samsung India announced that its flagship mobile payments service, Samsung Pay will also feature the Unified Payments Interface (UPI) of National Payments Corporation of India (NPCI).
Samsung Pay can now integrate card payments, mobile wallets and UPI in one secure app. Axis Bank will facilitate the transactions made by users using this facility.
Now users can make seamless bank to bank transfers by creating their unique virtual addresses. Pingpay is the UPI handle assigned to Samsung Pay. The app integrates with the user’s address book.
The UPI payment system powers multiple bank accounts into one mobile application (of any participating bank). This merges several banking features including seamless fund routing and merchant payments. This also facilitates peer to peer collect request. Users can request payments from their contacts.
Mr. Sanjay Razdan, Director, Samsung Pay Business, Samsung India said,“We are extremely delighted to announce the integration of Samsung Pay with UPI for our consumers. Samsung supports the Government’s vision to drive India towards a digitally empowered economy, and through Samsung Pay, we enable our consumers to make payments using our smartphones. Samsung Pay is simple, secure and accepted almost everywhere.”
Samsung Pay recently came into the Indian market with its secure platform that has three levels of security – fingerprint authentication, card tokenization and Samsung’s mobile security platform Samsung KNOX. Samsung Pay can also be used to make purchases.
The devices that support the app are:
Galaxy S8, Galaxy S8+, Galaxy S7 Edge, Galaxy S7, Galaxy Note 5, Galaxy S6 edge+, Galaxy A5 (2016), Galaxy A7 (2016), Galaxy A5 (2017), Galaxy A7 (2017) and Galaxy A9 Pro.