Home Samsung Pay now available to Mexico Users.

Samsung Pay now available to Mexico Users.

Since its launch in South Korea in August 2015, Samsung Pay has expanded its reach to more countries. The digital payment service would be made available to users of Samsung smartphones and smartwatches in Mexico today (January 30th). Mexico is the 20th country in the world to make Samsung Pay available to its users and the second country in Latin America.

Unlike other payment services limited to Near Field Communication (NFC), Samsung Pay works with POS systems installed with NFC as well as Magnetic Secure Transmission (MST) technology.  This technology functions like the magnetic strip on credit and debit cards when Samsung Pay is used on any card terminal. This allows Samsung Pay to work just about anywhere in the world so long as the retailer allows consumers to swipe their Smartphones or smartwatches to make a payment.

To ensure its payment service is secure, Samsung Pay utilizes three different levels of security. Samsung Knox to detect suspicious activity on a user’s phone; biometrics authentication which includes iris or fingerprints identification; rather than storing financial information on your Samsung device, tokenization is used to create virtual information for every transaction.
Users of Samsung Pay in Mexico can now make use of the mobile payment service at a number of Mexican banks, including  Banregio, Banorte, Citibanamex, HSBC, and Santander for use with Mastercard, Visa and American Express. Samsung pay in Mexico can also utilise other online payment and banking tools, such as Clip and iZettle. Users of Samsung Flagship phones of the last few years can make use of Samsung Pay as these phones have inbuilt  MST hardware, Samsung J7 Pro and A8 can also work with the MST.
Since its launch in 2015, Samsung Pay has expanded its territory from South Korea to more countries. Samsung Pay supports MST technology and not just the NFC-based transactions of competitors like Andriod Pay and Apple Pay. Samsung Pay keeps spreading its tentacles through partnerships in all the countries where it is available. Samsung has partnered with a number of banks, MasterCard in London, QuikCilver gift card solution provider in India, American Express Express in the Uk and others. The payment service which is available on Samsung smartphone and Smartwatches have been rumoured to expand to non-Samsung devices. We keep our fingers crossed as we anticipate the next move of Samsung Pay.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.