SRI-B has also contributed in a significant way in localizing the Samsung Pay mobile wallet. Samsung Pay also allows Indian consumers to integrate their Paytm accounts into Samsung Pay, enabling them to pay by scanning QR codes securely, generating one-time codes for merchant payments and also do P2P money transfers. Samsung Pay will also be available on the Samsung Gear S3 smartwatch shortly, allowing users to pay through their wearable device. “Samsung has also launched a lighter version of Samsung Pay which is called Samsung Pay Mini—a non-card version which will allow us to take Samsung Pay to any price point. The Samsung India Identity SDK enables companies to develop applications for the India market that can take advantage of Aadhaar-based iris authentication.

Source: Mint December 07, 2017 03:00 UTC