Samsung Pay is a payment method owned and controlled by Samsung, built on the tokenization specifications of the payment networks (Visa, MasterCard, American Express). The combination of card scheme tokenization and device security provided by the fingerprint scanner and Secure Element (hardware chip in the device) provide a secure and seamless payment method.
|Payment type||Digital wallets|
|Available in||Asia Pacific||Hong Kong, Singapore|
|Europe||Sweden, Spain, Switzerland, United Kingdom|
|North America||Canada, United States|
|Processing currency||AED, EUR, AUD, INR, USD, MYR|
|Multiple partial refunds|
|Multiple partial captures|
|Local entity required|
|Sales day payout|
|Settlement delay||Depending on acquirer|
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