Especially after demonetization resulting in crash crunch, people started to use digital mode of payment more frequently which resulted in POS machines wearing off more frequently.<\/p>\n

Post March 2017…..<\/p>\n

Samsung launches Samsung Pay in India with almost all the Indian banks being supported.
\nInitially I was little hesitant, but then decided to try for one particular reason of it being supporting the magnetic readers based machine too as opposed to NFC only. Following is what I did,<\/p>\n

\n
1. Update the Samsung Pay to latest<\/li>\n
2. Register my debit card and agreed for virtual card to be created<\/li>\n
3. Confirm addition of card via OTP<\/li>\n<\/ol>\n

   Now my mobile has a digital card added to it’s lock, home screen.<\/p>\n

   I went out for a purchase and when I was supposed to pay the bill the shop keeper requested me to handover the debit or credit card. I told him I will pay via mobile and he was little confused.<\/p>\n

   \n
   1. So I got the POS Swipe machine from him<\/li>\n
   2. Pressed the power button in my mobile to show the lock screen<\/li>\n
   3. Swipe up the Samsung Pay app<\/li>\n
   4. Choose the debit card<\/li>\n
   5. Keep the mobile near the magnetic reader of the swipe machine<\/li>\n
   6. Then payment was same as swiping the card\n
      \n
      1. Enter amount<\/li>\n
      2. Enter pin<\/li>\n
      3. Payment approved slip being printed out<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

         <\/p>\n

         It was very easy.<\/p>\n

         Following are some of the advantages of Samsung Pay<\/p>\n

         \n
         1. It supports both NFC based and magnetic based readers, hence more POS machines are supported<\/li>\n
         2. Samsung’s KNOX (a secure storage space inside mobile) stores the information about the virtual card<\/li>\n
         3. I guess Apple supports only NFC and hence less number of POS machines supported<\/li>\n
         4. Also Apple and native Android has lower number of banking support in India<\/li>\n<\/ol>\n

            The interesting part is people around you are shocked to see such a payment system is available in India !<\/p>\n

            Copyright note: Image in the article belong to various other websites and copyright resides with them.<\/p>\n","protected":false},"excerpt":{"rendered":"

            Samsung Pay is now available in India and I am delighted ! Pre March 2017….. In India transactions at shops happen in three ways generally. Pay in cash Swipe your debit or credit card and pay Use digital wallets like Paytm Issues one might face with cash is, unavailability of proper change or too much […]<\/p>\n","protected":false},"author":1,"featured_media":810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[13],"tags":[235],"yoast_head":"\n