Samsung Pay takes the next big step, goes live with Unified Payments Interface
Apr 27, 2017, 20:35 IST
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Samsung India today announced the availability of the National Payments Corporation of India’s (NPCI) Unified Payments Interface (UPI) on its flagship mobile payments service, Samsung Pay, in India.Samsung joins hand with Axis Bank to facilitate transactions by users through UPI on Samsung pay. With the introduction of UPI, Samsung Pay now integrates card payments, mobile wallets and UPI in one app. UPI is a payment system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing and merchant payments under one hood.
With the launch of UPI on Samsung Pay, users can create their unique virtual addresses @pingpay enabling them to make seamless bank to bank transfers. A unique benefit of enabling UPI on the Samsung Pay app is the integration with the users’ address book which then identifies existing @pingpay accounts on the contact list. @pingpay is the UPI handle assigned to Samsung Pay.
“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,” said Mr. Sanjay Razdan, Director, Samsung Pay Business, Samsung India.
Samsung Pay is currently available on 11 eligible Samsung devices: 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.
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