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Samsung Pay Expands to Mexico

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Jan 29, 2018, 12:50 PM   by Eric M. Zeman   @phonescooper

Samsung today said its Samsung Pay mobile payment service is now available in Mexico. According to Samsung, its touch-and-go payment tool is accessible in 20 markets around the world, including the U.S. Samsung Pay makes use of both NFC and MST to connect to retail payment terminals. This gives it an advantage over services that use only NFC, such as Apple Pay and Android Pay. In order for Samsung Pay to function in Mexico, the company partnered with a number of card issuers, including American Express, MasterCard, and Visa, and local banks, including Banorte, Banregio, Citibanamex, HSBC, and Santander. Samsung Pay supports credit cards, debit cards, and loyalty cards/programs. It can be secured via iris recognition or fingerprint. Transactions are tokenized in order to maintain security. Samsung Pay is available on many of Samsung's top-tier handsets, such as the Galaxy S8 and Note8.

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