Verizon users may not be able to use the soon to be launched Samsung Pay in the US, as per a Tweet from the Samsung Support USA team which says ‘Verizon isn’t a part of Samsung Pay’. This makes the big red the only carrier who won’t be supporting the forthcoming payment service, as AT&T, Sprint and T-Mobile are now already onboard and will be compatible with the service when it debuts in the US starting September 28.
Though Verizon has reached to the media and said that they are still in the process of evaluating the payment service.
“We are in the process of evaluating Samsung Pay and we will keep our customers updated on any news regarding the service,” said Verizon.
This implies there’s still a possibility that the big red might consider adopting Samsung Pay, maybe not at launch but sometime in the near future. Moreover, the fact there’s no apparent reason for Verizon not to support Samsung Pay, it could just be the fact that the company is taking longer than usual to assess and evaluate the service.
The Korean giant has already tied up with Visa, MasterCard and Bank of America in the US, and with its acquisition of LoopPay, the service can also be used at retail locations that are deprived of an NFC wireless network. As in these locations, the use of MST (magnetic secure transmission) allows users to select a card from their virtual wallet and send short-range magnetic impulses to activate the data stored on the stripe of a debit or credit card.
Hence, this would make Samsung Pay the most supported service across retail stores than any other mobile payment service, giving it the opportunity to lock horns against rival Apple Pay. Moreover, the fact that unlike Apple who gets a commission for the transaction fee on any purchase via Apple Pay, Samsung won’t be getting any commission or fee for its service, which could apparently boost the popularity of Samsung Pay among service providers, retailers, and customers.
The Korean manufacturer is planning to roll out Samsung Pay compatibility for a slew of handsets that will allow them to use the service. The recently announced Samsung Galaxy S6 edge+ and Galaxy Note 5 already come with the feature pre-installed, while the company is also planning to launch a beta test for the service among select Samsung handset owners starting August 25.