Samsung Pay will be available in Singapore by the end of Q2 2016. Samsing is tying up with MasterCard and Visa, as well as major banks in the region such as DBS/POSB, OCBC Bank, and Standard Chartered. American Express integration is listed as “coming soon” after the second quarter.
Samsung Pay is currently live in South Korea, the U.S., and China, with the city-state becoming the first market in Southeast Asia to get the payments service. From Injong Rhee, EVP and Head of R&D, Software and Services of Mobile Communications Business at Samsung:
We are extremely excited that Singapore is the first market in Southeast Asia to roll out Samsung Pay. Singapore’s connectivity and openness are ideal conditions for our new mobile service to thrive, together with the interest and readiness of consumers here in adopting this new method of payment.
Samsung Pay is an example of how Samsung is always striving to introduce new technologies that help to enhance and improve the quality of lives of consumers, especially as Singapore moves towards becoming a Smart Nation. Our goal has always been to drive and lead innovation that matters, and we are happy to extend this into the mobile commerce space.
Samsung states that Singaporeans will be able to use Samsung Pay in supermarkets, convenience and departmental stores, healthcare and beauty outlets, as well as food, lifestyle, electronics, and furnishing stores. In addition to NFC, the service works with MST, allowing customers to use traditional POS machines during checkout.
At launch, the service will be available on the Galaxy Note 5, Galaxy S6 edge+, Galaxy S7, and S7 edge. Samsung will conduct a beta trail ahead of the official launch.