Samsung Renaming Samsung Pay to Samsung Wallet in India

Today’s smartphone features nearly exclusively proprietary mobile payment systems. For instance, Apple has Apple Pay, Samsung has the Samsung Wallet, and Huawei also offers the Huawei Wallet. However, Samsung has decided to rename Samsung Pay to Samsung Wallet in India. Starting January 30, 2023, Samsung will introduce the change in India, according to recent reports. What’s more, Samsung has also added some new features to the Samsung Wallet, recently. Plus, the company employs Samsung Pay in conjunction with Samsung Pass, a proprietary password manager.

Samsung Pay new features

Samsung Wallet combines every function of Samsung Pay and Samsung Pass. Your cards, passwords, addresses, and other information will all be in one location as a result. Moreover, it will also have additional capabilities, including the capacity to store identification documents like passports, boarding cards, and car keys while enforcing biometric authentication.

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Along with the standard functions, Samsung Wallet now supports digital keys, enabling you to use it to open smart door locks and store your COVID-19 vaccination card. Your bitcoin investments can be tracked via Samsung Wallet’s connectivity with Samsung Blockchain. You will always be aware of the value of your bitcoin, Ethereum, or any digital currency.

The absence of support for Magnetic Secure Transmission (MST) payments in the most recent version of Samsung Wallet is a significant flaw. Using the Samsung app, you can pay with your credit or debit card at any terminal that recognizes the magnetic stripe seen on the back of your physical cards. However, the feature’s removal from Samsung Wallet makes sense given that current Galaxy smartphones only have NFC for mobile payments.

Samsung Wallet swiftly surpassed both Samsung Pay and Samsung Pass since it offers additional options for Galaxy smartphone users. The software is already pre-installed on the majority of contemporary Galaxy devices in nations like the United States, the United Kingdom, France, Germany, Italy, and Spain.

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