Samsung Pay Launches Limited Public Beta Test
The much-anticipated mobile wallet Samsung Pay has finally hit the market, at least in beta form. The phone-giant-turned-payment-processor has opened up a public beta version of its mobile wallet ahead of its official launch later this year.
Currently, Samsung Pay is supported by all major U.S. cellular providers, with the exception of Verizon Wireless. Verizon was rumored to still be “evaluating” the product this past month, but at this time, phones from the network will not be compatible with Samsung’s digital payments network.
The beta version, as well as the full version set for release on September 28, will be available for Galaxy S6, S6 Edge, S6 Edge+ and Note 5 devices. Only select cards can be from Bank of America, Visa, MasterCard or U.S. Bank can be connected to the wallet for the beta version.
Samsung Pay is set apart from other mobile wallets due to its ability to be used immediately throughout the United States. Both Apple Pay and Android Pay rely on NFC technology which is not widely distributed at this time. But Samsung Pay allows the phones to communicate with the magnetic strip reader that is currently found in most credit card terminals.
The company says it is only allowing a limited number of people to test the wallet before its official launch, so signing up for the beta does not guarantee you will have access to it at this time. If you would like to sign up as a participant, you may read all the details directly on Samsung.com.
The information contained within this article was accurate as of August 31, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.