Samsung Pay supported banks and UK release positivity

By Peter Chubb - Aug 14, 2015

With Apple Pay is already doing well in the US, and also now in the UK, it was only a matter of time before Samsung shifted things up a gear and released its new mobile payment service way ahead of the Holiday Season. Samsung Pay has now begun to rollout across the US, and also South Korea, but those of you in the UK will still have to wait.

Samsung Pay UK release positivity – Don’t be too disheartened because it was obvious that those two markets would get the service first, but there are positives to come from this. The first is that those early Samsung Pay problems should be ironed out by the time the service comes to the Untied Kingdom. And secondly, Samsung has already confirmed that the UK will be next in line to get the mobile payment service.

Samsung Pay reatiler list

With the new service now rolling out across America, people will now be looking for the Samsung Pay supported banks, and we can already tell you that American Express, Bank of America, Citi, JPMorgan Chase, and U.S. Bank have all pledged their support.

As for the Samsung Pay list of retailers supporting this mobile payment service, this is where it gets more interesting. Because Samsung Pay can support NFC and MST, meaning it will be more widely supported than Apple Pay.

Once rolled out to the world, Samsung Pay has potential of being accepted at around 30 million vendors worldwide, meaning its growth could be faster than that of Apple Pay.

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Samsung Pay supported banks