Everything you need to know about using Samsung Pay in
Singapore
Why fumble for your credit cards from the wallet when
you can just tap and pay with your smartphone?
That's exactly what you should be doing when Samsung
Pay rolls into town. The mobile payment system, which has already
launched in the US, South Korea, China and Spain, will make its
south-east Asia debut in Singapore on 16 June.
Obviously, you probably have a few questions about
Samsung Pay, much like you did when other mobile payment methods
such as Apple Pay and NFC SIMs were launched.
Being your friendly neighbourhood Spider-man tech
support, we provide the answers to all your burning questions about
Samsung's upcoming mobile payment system.
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What is Samsung Pay?
Think of it as a digital wallet that houses all your
credit cards. Instead of digging out your credit card, handing it
to the cashier to swipe and sign for the bill, you just tap a
Samsung phone that supports Samsung Pay, make the transaction and
you're done.
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How does it work?
Pretty simple. It works on the same machines that you
swipe your credit card with. No, really. Because Samsung Pay uses
Magnetic Secure Transmission (MST), which essentially emits a
magnetic signal that emulates the magnetic swiping action on the
credit card machine.
On top of that, it also works with Near Field
Communication (NFC). If you noticed how some of your cards have the
Visa payWave or Mastercard PayPass logos, that's what it is. That
means you just tap the phone on an NFC terminal that has the
PayWave or PayPass logo, and voila, payment done.
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How do you use Samsung
Pay?
It's just a matter of letting the Samsung phone scan
your fingerprint or entering your personal identification number
and placing the phone on the payment terminal. That's all it takes.
We told you it's easy, and we weren't kidding.
Is it secure?
If you're that paranoid and don't believe your
fingerprint keeps your payment secure, take heed that Samsung
doesn't actually hold any of your credit card details. Instead,
it uses an encrypted digital token for sensitive card
information.
There's also an added security layer from Samsung KNOX,
which keeps a lookout for malicious software and dodgy activities
happening on your phone.
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Does my Samsung smartphone support
Samsung Pay?
If you're using the following Samsung phones running on
Google Android Marshmallow, you can start adding your credit cards
to the device from 16 June:
Does Samsung Pay support every bank in
Singapore?
Once Samsung Pay is launched, your American Express,
MasterCard and Visa cards, along with banks such as DBS/POSB, OCBC
Bank and Standard Chartered, will be supported. UOB, unfortunately,
is missing from the list.
Can I spend as much as I want with
Samsung Pay?
Payments made via NFC, meaning payWave or PayPass, are
limited to S$100 per transaction. Fortunately, if you're looking at
a weekly grocery run that costs more than S$100, you can still use
Samsung Pay on normal credit card terminals as there's no
transaction limit with MST.
Show me where I can tap and pay with
Samsung Pay
Oh boy, this is going to be a long list. But safe to
say, any stores that already accept your credit cards will support
Samsung Pay. Think grocery stores like NTUC, Cold Storage or
retailers such as Challenger, Harvey Norman. Trust us, you can
use Samsung Pay almost anywhere.
Well, except for hawker centres, where cash is still
king.
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