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Samsung Pay is a mobile payment service developed by Samsung Electronics that allows users to make payments using compatible phones and other Samsung-produced devices. It is a form of M-Commerce, which is the buying and selling of goods and services through mobile devices. Samsung Pay works by allowing users to store their credit, debit, and loyalty cards on their device, and then use them to make payments at participating merchants. The service also supports NFC technology, allowing users to make payments by tapping their device on a compatible payment terminal.
Samsung Pay is available in a number of countries, including the United States, South Korea, China, Spain, and India. It is also available on a range of Samsung devices, including the Galaxy S and Note series of smartphones, as well as the Gear S2 and Gear S3 smartwatches.
Some companies in the Samsung Pay market include Visa, Mastercard, American Express, PayPal, and Bank of America. Show Less Read more