Samsung is rolling out new update for its mobile payment service, Samsung Pay, in India starting today. In the update, Samsung is launching the support for Unified Payment Interference (UPI) within the service.
The support would allow Samsung customers to access multiple bank accounts through a single payment platform.
The mobile payment service now works with Visa, MasterCard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Cards, Citibank and Standard Chartered Bank in India.
Samsung officially rolled out the service for India last month. It also comes with a support for Paytm wallet as well.
The service comes with support with Magnetic Secure Transmission (MST) and Near Field Communication (NFC) and is secured by three levels--Fingerprint Authentication, Digital Tokenization and Samsung KNOX.
The feature is envisioned to jell well with daily life of Indian customers after Narendra Modi’s demonitisation announcement, who urged many citizens to opt for digital payments instead of cash.