Samsung South Korean company plans to launch a payment system in Russia in mid-2016. Samsung Pay will allow the Russians to carry out transactions from a bank account, applying for a smartphone payment terminals in stores. Thus, the gadgets will gradually replace credit cards
Testing of the payment system of the South Korean giant in Russia held by Sberbank, “Alfa-Bank” and VTB. At the same time Samsung Pay must be certified “National system of payment cards” (NBTS), which since 2015 takes place in Russia MasterCard payment processing and Visa. If testing with banks and coordination with the NBTS are successful, then the Samsung Pay can start functioning in Russia at the end of the first half of 2016 .
“ We are in the process of harmonization of technical . parts with banks and payment systems in Russia Once we have the training done, we can talk about the start date as long as it is not defined “, – quotes the head of Samsung Mobile in Russia Arkady Graf newspaper” Kommersant “
According to some reports, the technology will be supported in the Russian device Samsung Galaxy S7, updated versions of Samsung Galaxy S6 smartphones and Samsung series A . This South Korean giant plans to encourage consumers to purchase Russian smartphone middle and high price segment
Note that Samsung Pay represented Corporation in August 2015. Besides the US and South Korea, where the service is pre-installed on the smartphone Samsung Galaxy S6 and Galaxy S6 edge +, in the near future it plans to include the UK, Spain and China. But, apparently, this will happen after the service will work in Russia
This is a payment application allows transactions using Near Field Communication technology (NFC) and Magnetic Secure Transmission (MST) -. Card magnetic stripe. Thus, Samsung Pay is compatible with about 90% of payment terminals in retail outlets. How to assure the South Korean company, in conducting transactions with smartphone passes multistage authentication, including fingerprint.
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