SAMSUNG PAY (worth revolutionizing our payment methods?)

SINCE 8 November 2016 (demonetization date in India),cashless payment methods and internet banking had taken new heights and companies like Paytm and quickcharge etc. are working hard to bring the comfort of payment to the smart phones lying in your pockets.
These apps (after installing in your devices and after filling your banking details for transactions and all) can help you pay your online bills, recharge your services and take or give cash from one to the other person etc....
But when these applications can provide you with all these great services then what is so special about the upcoming Samsung electronics' initiative namely SAMSUNG PAY.(does not include any paid promotions).

SAMSUNG PAY

An initiative by Samsung electronics.

It let users make online payments using compatible phones and basically works the best with Samsung devices.

This service of Samsung does not only allow you to make con-tactless payments but also incorporates an electromagnetic transmission system that makes it accessible on payment terminals(only magnetic stripe supporting ones).

FUN FACT o.1 - Samsung PAY was initially developed by an crowdfunded startup company, LoopPay.

Samsung acquired the Samsung pay from LoopPay in February,2015.

LoopPay believed that there MST(magnetic secure transmission) technology would work with about 90% of all point-of-sale in United States.

FUN FACT 0.2 - SAMSUNG PAY WAS FIRST LAUNCHED IN KOREA ON AUGUST 20,2015.
followed by - United States,China,Spain,Singapore,Australia,Puerto Rico,Brazil,Russia,Thailand,Canada,Malaysia.

AND NOW ON MARCH 6,2017 WE FINALLY WELCOME IT IN INDIA.

On May 2016, it was reported that Samsung was developing a smaller version of their PAY service which will be used for online payments only.

On January 2017,Samsung confirmed that this smaller version of the service would not be only available on galaxy devices but also on other android devices which will be running lollipop or above versions of android and have a resolution 1280 x 720 pixels or higher.

Samsung Pay works the best with their own mobile phone range including -

Galaxy series.
On series.
J series.
Note series.
and any other series which belongs to Samsung Electronics.(but definitely not with any non-smart cell phone series.)

Samsung declares that it will bring Samsung PAY properties of NFC and MST technology payment to its smart watches series.So the comfort of payment will be bought to your wist.

Here is the link that will provide you with the full setup and usage of the service on your probably compatible device- http://www.samsung.com/in/samsung-pay/ (doesn't include any paid promotions.)

hence let us bring it to the conclusion -It looks Samsung is revolutionizing the way we pay by making it more comfortable and relaxingBUT, the truth is something else.Samsung is not the only company which is thinking about revolutionizing the way we pay as there are a bunch of companies which can be seen to deal with it.

ANDROID PAY by Google - It gives almost all of the android phones the power of tap-to-pay purchases with NFC technology.

APPLE PAY by Apple - Apple PAY is a service initiated by Apple to make payments in-person easier.It only supports ios devices.It sought to replace all other methods of payment like magnetic stripe, credit cards, debit cards or any other method by pure contact-less method.

MICROSOFT WALLET by Microsoft - IT is a service initiated by Microsoft that let users make payments and store loyalty cards on certain devices.It currently runs the HCE(host card emulation) technology for storing loyalty cards in certain devices (which in my means is pretty impressive).Mostly similar to android pay.

These are some of the services initiated by well-known companies to make the way you pay a lot easier. But, the problem is that even not one of these are till now (March,2017) available in India.

So lets see how Samsung pay establish itself in India and will it be able to reach our aspirations.

Thanks for reading.
Keep up for more awesome stuff.
Don't forget to put your valuable comments down below.
PEACE.....

Comments

Animal and Plant Cells

Cells Cells are the basic functional, biological and structural unit of life. The word cell is a Latin word meaning ‘small room’. Cells are also known as building blocks of life. The branch of science that deals with the form, structure, and composition of a cell is known as Cytology. All organisms around us are made up of cells. Bacteria, ameba, paramecium, algae, fungi, plants and animals are made up of cells. Cells together form tissues. And tissue together makes an organ. History Of Cell The cell was discovered by Robert Hooke in 1665. He assembled a simple microscope and observed a very thin slice of cork under his primitive microscope. The cork was obtained from the outer covering of a tree called bark. Robert Hooke observed many little-partitioned boxes or compartments in the cork slice. These boxes appeared like a honey-comb. He termed these boxes as the cell. He also noticed that one box was separated from another by a wa...

Important Mathematical Constants!

Important Mathematical Constants Mathematical constants are those numbers that are special and interesting because they come up in the various fields of mathematics like geometry, calculus etc. These mathematical constants are usually named after the person who discovered it and they are represented by a symbol that is usually picked up from the Greek alphabet. Mathematical constants are by definition very important. In this article we will take a look at certain mathematical constants that are more commonplace than others. 1. π (pi) or Archimedes constant (~3.14159): π is defined as the ratio of the circumference of a circle to its diameter. This is probably the most popular mathematical constant. So π is the circumference of the circle whose diameter is 1 unit. You might have seen it popping up when calculating the area of a circle (πr 2 ) or the circumference of a circle (2πr). It has many uses throughout mathematics from calcula...

High School Pedia

It is an initiative by some students to spread the light of knowledge to everyone and everywhere. It was started in the year 2015 and has grown rapidly in the past few months. By the means of this website, we try to provide information on every topic that we can reach up to. You can find different articles on this website. All these articles are written in simple language so that everyone can understand it and learn from it. We at High School Pedia believe in creative learning and this is the reason why we add our own edited graphical representations in every article. Once a very learned man said, “Knowledge increases by not keeping it to yourself but by sharing it with others”. And we follow the same motto “Share to Learn”. The team of High School Pedia tries its best to provide you with the best and original content. Unlike many other websites, High School Pedia is famous for its original and inspiring content.

Blood Groups

Blood Groups Hey guys, you must have heard people saying "yeah I have AB+ blood group" or " I have the rarest blood group O-" and any sort of these dialogues. But do you actually know what the true meaning of the term Blood Group is. What is Blood Group?? Blood Group is nothing but the type of antibodies and antigens present or absent in your RBC ( Red Blood Cells ). Antigens are located on the surface of your RBC and antibodies in the plasma. It is this combination of antigens and antibodies which decide which blood group you belong to. You inherit these combinations from your parents. But this does not mean that you will have exactly same blood group as your parents. Discovery of Blood Groups Earlier the transfusion of blood from one person to the other would lead to deaths due to incorrect transfer.It was not until 1901, when the Austrian, Karl Land Steiner discovered human blood groups that blood transfusion became safer. Mixing blood from two in...

2-D & 3-D GEOMETRY

2-D & 3-D GEOMETRY We all have some amount of geometry. We know that any line can be represented on the Cartesian plane. Any figure can be drawn on it. But can we represent a 3-d object on it. Yes we can. A Cartesian plane has 2 axis. While representing in 3-D we need to add a third axis. This axis does not come in between the axis or in the same plane. It appears to be coming out of the paper as we cannot represent a 3-d object on a 2-d surface. This new z-axis represents a line coming out of the screen. Before understanding 3-d geometry you need to imagine this axis coming out of the screen. REMEMBER : all the three axis are perpendicular .i.e there an angle 0f 90 between them and they meet at the origin If you are unable to imagine you can take a thick book as an example. Any corner becomes it origin and the three edges as the three axis REPRESENTING 3-D GEOMETRY Like in 2-d geometry we represent the value of the different axis as (x,y) we use the sa...

Levitation 2

LEVITATION II To be completely honest I was going to start this with a pun. I did think of one but it doesn’t float… I am sorry I just had to. Anyway, this is the second part to the article on super cool ways of making things levitate. Go check the first part out if you haven’t already. Actually, the first part may have become repulsive with all the magnets and stuff, but I promise this will be more attractive. Get it? No? I’ll stop now. I am just going to jump straight into it. 1. Electrostatic Levitation I know you are probably sick and tired of magnets but they are the best way you know… This method is somewhat similar. You remember that cool science experiment you did with two straws attracting or repulsing each other based on their charge? So basically using the same principle we can make a charged object levitate. But before you try it, let me tell you it won’t be easy. Even impossible according to our Mr. Earnshaw. He even made a law (th...

Set Up Hacking 2

hello, guys !! I am here again to talk about how to start your hacking. In this article, i would be talking about a new OS more advanced than kali Linux. If you have not read my article " Set Up Hacking ", then read it first. I would also be talking about exploits and Wireshark. BLACKARCH This OS is far advanced than kali Linux because it has more tools than kali. but just like I said, the internet don't depend on tools but your skills and logic. black arch has 10X tools then kali. In my previous article, I said that bootable pen drive is the best option to create a second OS .but drawback of using this OS that you need a LAN for it to connect to the internet but I know a way of solving this, virtual box. The virtual box would automatically turn your WIFI to LAN.

High School Pedia

Search This Blog