Samsung Pay Mini to introduce digital payments to low-end phones

In its efforts to promote the usage of e-payments, Samsung is all set to launch Samsung Pay Mini, a digital payment service for its low-end phones.

The service will be available on Galaxy J series budget smartphones.The highlight of the service is the integration of Unified Payment Interface and wallet like Paytm, allowing users to have a single platform to make digital payments. Users can also make payments through QR codes for in-store payments. But the mini version misses out on the biggest USP of Samsung Pay altogether –ability to make contactless payments at the traditional Point-of-Sale (PoS) terminals.

Samsung, the biggest smartphone player in the country, launched its  Samsung Pay service in India earlier this year. This service is available with selected top-end Samsung smartphones.

Digital payment modes registered a surge post the demonetisation drive initiated in November last year.In alignment to this digital transactions – wallets like Paytm, Mobikwik and UPI-based banking apps, financial exchanges have become much easier.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.