Samsung Pay

Samsung Pay is a mobile payment and digital wallet service offered by Samsung Electronics. It enables users to make payments in person, through apps, and online.

Much like Apple Pay, Samsung Pay digitizes your credit or debit card information, offering a secure, contactless payment option. However, one feature that sets Samsung Pay apart from most mobile wallets is its compatibility with both NFC and traditional magnetic stripe terminals.

This backward compatibility is made possible through its Magnetic Secure Transmission (MST) technology, expanding its applicability beyond newer point-of-sale systems.