Earlier today, Samsung hosted an event in New Delhi, where it launched two new smartphones under its J-Series ineup. The Galaxy J7 Pro is priced at Rs 20,900, whereas the Galaxy J7 Max is priced at Rs 17,900. One of the key highlights of the smartphone is the integration of the Samsung Pay Mini payment solution.Pay Mini is a bit different from Samsung Pay that we have seen on high-end smartphones such as the Galaxy S8, Galaxy S7 and Galaxy A-series. The new solution is designed to work with Android smartphones featuring at least an HD (720p) display and running on Android 5.0 Lollipop OS and above. Let’s take a quick look at how Samsung Pay Mini is different from Samsung Pay.
What is Samsung Pay?
The Samsung Pay technology leverages the popular NFC technology to enable contactless payments at PoS (point-of-sale) terminals using a smartphone. Samsung uses a proprietary Magnetic Secure Transmission (MST) technology to mimic the magnetic strips that are used in standard debit and credit cards. ALSO RED: Samsung Galaxy J7 Pro, Galaxy J7 Max launched in India, prices start from Rs 17,900: Specifications, features
The technology also does away with the need to physically swipe your credit or debit card. Instead, you can tap the back of the smartphone near the magnetic swiping strip of the PoS machine, authenticate the payment using fingerprint or IRIS and your payment will be completed. ALSO READ: How to use Samsung Pay in India: Our complete guide on how to setup and transact
Samsung Pay also comes with Paytm integration, allowing you to add money to your Paytm wallet. It also enables you to send and receive money from others without having to separately download the Paytm app. What’s more, Samsung Pay also comes with UPI integration, allowing you to make cashless payments to your family, friends and retail shops directly using the UPI mechanism which links to your bank account. The payment mode enables you to quickly transfer money using a VPA (virtual payment address).
What is Samsung Pay Mini?
As the name suggests, it is a toned down version of Samsung Pay, and is designed to work on mid-range smartphones. It comes with UPI and Paytm integration, just like Samsung Pay. However, due to lack of NFC and MST technologies on mid-range smartphones, the Pay Mini does not support tap-and-pay using credit and debit cards.
When using Paytm, you get options to scan a barcode, or show your barcode to send money and receive payments. In case of UPI, you get options to scan a code and send money using VPA. You can also add multiple UPI accounts linked to different banks.
Clearly, Samsung doesn’t want to lose out on the cashless phenomenon that has surged after demonetization. With Pay Mini, Samsung is aiming to offer users a single platform to have their Paytm wallet and UPI account in a single place, thus eliminating the need to download two different apps.