Samsung Pay Advantage Significantly Expands Mobile Payment Merchant Acceptance and Drives Consumer Adoption

[Press Release]: Samsung Electronics Co., Inc., announced Samsung Pay U.S. consumer usage data, new features, and partnerships at Money 20/20 in Las Vegas, adding more momentum to the most accepted mobile payment system.

Just four weeks after its launch in the U.S., Samsung Pay is proving its biggest advantage is broad acceptance enabled by Samsung’s MST (Magnetic Secure Transmission) in combination with NFC. MST is the patented technology built into the Samsung Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+ and Galaxy Note5 that transmits tokenized card data to the magnetic card readers of EMV terminals and magnetic stripe terminals. Of U.S. consumers who have paid with Samsung Pay, there is strong indication of repeat usage with an average of eight transactions per user. Data also show that three out of four Samsung Pay transactions were made via MST, validating th ...

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