Samsung Pay Growth Continues
Samsung Pay is continuing to stake its claim in the mobile wallet market, adding another 19 Visa and MasterCard issuers to its list of supported payment sources.
Last month, Samsung Pay added 8 new credit and debit cards to its roster, and just last week, the mobile wallet added gift card support for more than 50 retailers nationwide. The South Korean company is trying to compete with Apple Pay, despite its late entry to the market.
Samsung Pay is still only available on a limited number of handsets, including the Note 5 and all models of the Galaxy S6 (S6, S6 Edge, and S6 Edge+). With the inroads they have made, Samsung could soon expand the wallet to older devices. They have already created a set of wearables with Samsung Pay compatibility, released shortly before the mobile wallet was launched.
The following card issuers are now supported on the Samsung Pay network: Achieva Credit Union, Associated Bank, Amegy Bank National Association, Bayport Credit Union, Bethpage Federal Credit Union, California Bank and Trust and Pentagon Federal Credit Union, Cambridge Savings Bank, Central Florida Educators Federal Credit Union, Financial Center Federal Credit Union, Greater Kinston Federal Credit Union, KeyBank MasterCard, Keypoint Credit Union, Navy Federal Credit Union, Numerica Credit Union, Pentagon Federal Credit Union, PNC Visa, TCF Bank, USC Credit Union, and Utah Community Credit Union.