A few days ago, on June 9th, we received news from Samsung that it will integrate Samsung Pay & Samsung Pass for a more user-friendly and convenient experience. Read the full story here.
Just after a week, On June 16th, Samsung again announced that the Samsung Wallet would be integrated with its other digital services, namely SamsungPay and SamsungPass, to store and access digital IDs, payment, loyalty cards, keys etc. digitally for users’ convenience and ease of access. Read about it here.
Samsung Wallet: Payment’s New Ecosystem
This announcement also reintroduced the Samsung Wallet. Samsung Wallet has originally launched nearly ten years ago and shut down in 2015.
Now Samsung has fulfilled its promise, and it has launched the app in six countries after the launch in its home country, which are the US, France, Germany, Italy, Spain, and the UK, via Samsung’s own Galaxy Store.
It seems on the surface that The Korean Behemoth is trying to follow the path of Google Pay; however, some, including this one, believe that it’s more likely that this is a crossover attempt to stand and create a payment ecosystem like Apple’s & Google’s, as Samsung is brand neutral and agnostic in its approach.
Samsung Wallet: Benfits
This is an upgrade to the SamsungPay app while taking its URL address in the Galaxy Store. Samsung introduced four benefits of the merger of Spay & Spass they were ;
Digital Key Function, Digital Ticket and Assets Management, Samsung Pay’s Digital Asset Inquiry Function, and Samsung Knox.
This centralized system of payment with the Spay & Spass merger will provide users benefits such as ;
Storing payment cards, house keys, airline passes, entertainment & commute tickets, ID cards, records, passwords, cryptocurrency credentials, and as far as the health service records.
Samsung Wallet As Digital Key For Your Cars
Although this would have been incomplete without a security measure, Samsung deployed its native security system known as Samsung Knox, which will provide a digital security service that protects from external threats like hacking, remote control access, theft, and/or access to personal info, etc.
Companies such as BMW, Genesis, and Hyundai models supported this digital key storing functionality for commuting via road; Airlines that partnered were Korean Air initially, which later expanded to Korean Air, Jin Air, and Jeju Air.
These partners and services are likely to expand for ease of access in everyday life of customers.
However, these services, features & functions are subject to availability and can change, as informed by Samsung.
It is anticipated that the customers have to update the app to SWallet when interacting with SPay & Spass. The SWallet works on Samsung smartphones running Android 9 Pie or higher.
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