Samsung Pay Is Now Available For Verizon Customers
By Jon Russel
When Samsung launched its mobile payments service — Samsung Pay — in the U.S. at the end of September, it was missing one major name: Verizon. (Yep, the company that owns AOL, which owns TechCrunch.) Now, the Korean company has remedied the situation after it released a Google Play app specifically for America’s largest carrier.
The app is compatible with Samsung’s Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+ and Galaxy Note5 smartphones. Samsung covered AT&T, Sprint, T-Mobile, and U.S. Cellular customers on launch, those eligible for Samsung Pay got an over-the-air update to bring the service to their device — they can also download the app if they wish, but its primary purpose is to bring the payments service to Verizon’s user base, which includes more than 105 million postpaid subscribers.
“If you are a Verizon user and your phone needs to be updated to work with Samsung Pay, you’ll be prompted to download the necessary updates during the application installation process. Once installed, you can open Samsung Pay, input your necessary information and instantly start paying directly from your qualified Samsung smartphone,” Samsung explained in a blog post.
Samsung Pay’s technology — which it acquired through buying LoopPay for $250 million — is impressive. It works with magnetic stripes, as well as EMV and NFC payment terminals, while Apple Pay and Android Pay are limited to NFC. But Samsung’s footprint is somewhat more restricted given the handful of phones that it supports, and its fewer banking partners.
Article was originally posted here