After its successful launch in many parts of the world, Samsung Pay is now coming to Mexico. Although Samsung has officially announced the launch of the Samsung Pay in Mexico today, the service had a ‘soft launch’ back in November itself. Mexico is the second Latin American country, after Brazil in July 2016, to get Samsung Pay. Samsung says the service is now available in 20 global markets with this launch.
Samsung has partnered with Mexico’s leading banks and payment providers to launch the service there. Supported banks at launch include Banorte, Banregio, Citibanamex, HSBC, and Santander. American Express, MasterCard, and Visa make up the list of supported payment providers. The service also supports a host of loyalty cards from Avis, Cielito, Comex, Cinépolis, Starbucks, etc. You can find the complete list of the supported cards and services on the Samsung Mexico website and in the Samsung Pay app.
As far as the supported devices are concerned, Samsung Pay is currently compatible with the Galaxy Note8, Galaxy S8 and Galaxy S8+, Galaxy S7 and Galaxy S7 Edge, Galaxy S6 Edge+, Galaxy Note5, Galaxy A8 and Galaxy A8+ (2018), Galaxy A5 (2016), Galaxy A5 (2017), Galaxy A7 (2016), Galaxy A7 (2017), Galaxy A9 (2016), Galaxy A3 (2017), Galaxy J5 Pro and Galaxy J7 Pro. Soon to be launched Galaxy S9 and the Galaxy S9+ will also support the service.
The requirement of new PoS terminals with NFC has been the major roadblock to the growth of mobile-payment solutions like Android Pay and Apple Pay. Samsung Pay solves this problem by combining both NFC and proprietary Magnetic Secure Transmission (MST) technology into a single payment solution. This gives the service a major advantage over rivals as it can be used at any PoS terminal which accepts your debit or a credit card.
Since Samsung Pay is widely accepted and simple to use, the service has been growing rapidly in all the markets where it has been launched so far. Reception in Mexico shouldn’t be any different.