Samsung has finally launched the Samsung Pay mobile payment service in India after a lot of teasing around. A week ago, Samsung had started to invite users to sign up for an early access program for Samsung Pay, if you're one of them then you should be able to to get started with using Samsung Pay service right away.
Currently, Samsung Pay will work with Axis Bank, HDFC Bank, ICICI Bank, SBI, and Standard Chartered for both credit and debit cards except for SBI bank cards which only supports credit cards. American Express and Citi Bank are next in the line-up of supported banks for Samsung Pay. New users will have to register over here by providing the necessary details and the install the Samsung Pay on their smartphone which is limited to devices such as Galaxy S7, Galaxy S7 edge, Galaxy Note 5, Galaxy S6 edge+, Galaxy A5 (2016), and the Galaxy A7 (2016). This probably leaves the Tizen-based wearables Gear S2 and Gear S3 to be made compatible next in the line up.
Another interesting aspect of Samsung Pay in India is that it will be supporting PayTM as well. Users will have to link their PayTM wallet just once with Samsung Pay and can from then on make payTM transactions without even having PayTM app installed on their phone.
Samsung Pay supports payments at POS systems which are NFC enabled or even MST based transaction provided their smartphone supports MST payments. Authentication can either be by fingerprint scanner or by the use of pin code.