Samsung wants its mobile payments service- Samsung Pay to become a mainstream method of payment in the future and so the company has been tying up with a lot of banks and financial firms ever since the launch of the service in most of its market. While Canada is among one of Samsung’s prime market for its electronics business, the developments in expanding Samsung Pay in the country has been very slow. Samsung Pay rolled out in Canada in late 2016 but since then the service has been only compatible with CIBC Visa Cards and even that is currently in beta.
Meanwhile, Samsung Pay’s major competition- Android Pay and Apple Pay have outgrown their service in comparison to Samsung Pay by partnering with a number of banks and financial institutions in Canada. Taking notice of its competition’s advancements, Samsung are now in talks of expanding Samsung Pay in Canada and are currently looking to partner with Interac-a Canadian nonprofit interbank network that links financial institutions and other enterprises. Samsung Pay will also be made compatible with a number of Canadian banks by early September according to a few sources.
Most Popular Tech Stories
- Want to talk to your future self? An AI tool has been created to do just that
- Marvel Rivals Igniting The Timestream error explained and how to fix
- How to get the Blood Shield Invisible Woman skin in Marvel Rivals
- Janus-Pro-7B – DeepSeek’s revolutionary AI image generator appears – what is it and should the likes of Midjourney be concerned by this Chinese Sputnik moment?
- DeepSeek R1 – how to use it on PC and mobile, plus how to install it locally
Latest News
How One Executive Is Demonstrating the Importance of AI Literacy
As the emergent technology of the tech-driven modern age, the significance of artificial intelligence (AI) is not to be understated. For those who understand its inner workings and the capacity...