Samsung today announced that it is launching Samsung Pay mobile payment system to Puerto Rico. Starting today, Samsung Pay will support eligible credit cards from Banco Popular, Puerto Rico’s largest bank, and will be available on AT&T, T-Mobile, Sprint and Claro networks in Puerto Rico.
Samsung Pay is the only mobile wallet that allows users to pay with their compatible Samsung smartphones at terminals, thanks to both MST (Magnetic Secure Transmission) and NFC (Near Field Communications) technologies. Samsung Pay will be available starting today on compatible Samsung smartphones including the Galaxy S6, Galaxy S6 Active, Galaxy S6 edge, Galaxy S6 edge+, Galaxy Note5, Galaxy S7, Galaxy S7 Active and Galaxy S7 edge, with specific availability varying by local operator in Puerto Rico.
Thomas Ko, Vice President and Global Co-General Manager of Samsung Pay at Samsung Electronics said, “We’re excited to partner with Banco Popular to bring Samsung Pay to Puerto Rico. With Samsung Pay, you can shop in Puerto Rico right from your phones at retail chains and independent businesses the stores you already know and love. With the widest acceptance, Samsung Pay works almost anywhere you scan swipe or tap a card.”
Today’s announcement follows Samsung Pay’s recent launch in three new countries across three continents. In June, Samsung Pay began operations in Spain, its first market in Europe, Singapore, its first within the South East Asian region and Australia, its first market within the Oceania region. These launches mark a significant milestone in the service’s global expansion, with a number of additional markets, including Brazil, Canada and the U.K., coming this year.
Samsung Pay is strategically expanding its partnership ecosystem to provide greater flexibility, access and choice for customers upon its launch. Currently, Samsung Pay has partnered with major payment networks such as MasterCard and Visa, and Puerto Rico’s leading financial institution, Banco Popular.
Samsung Pay, a digital wallet service from Samsung Electronics, is enabling users to make easy, secure payments right from their phone almost anywhere plastic cards are accepted.
Samsung Pay is easy to use. Users simply swipe up from their eligible Galaxy smartphone, scan their fingerprint and pay at millions of merchants across the country. Samsung Pay uses tokenization, Samsung KNOX, and fingerprint authentication to provide secure payments. Samsung Pay users are fully protected against fraud by card issuers, and merchants receive Card Present rates with no EMV liability shift.
Samsung Pay is the most widely accepted mobile payment system. Samsung Pay works with the majority of existing and new terminals, including most magnetic stripe, EMV and NFC terminals.