Denesh Techs

Samsung Pay,a native payment platform of Samsung which will compete against Apple Pay is said to arrive in India in 2017.Unlike Android Pay and Apple pay which uses only NFC,The Samsung Pay is designed to use both NFC(Near Field Communication) and Magnetic Strip Technology.The Samsung Pay  will only be compatible with Samsung smartphones,not in other smartphones....The Android Pay and Apple Pay requires NFC enabled devices to make payments.But the compatibility of Magnetic Strip Technology in Samsung Pay enables the use of having traditional Magnetic strip enabled devices instead of more complicated NFC devices to put in use. Definitely, Samsung Pay's arrival in India will have a great competition with the rivals Android Pay and Apple Pay.

Lenovo-Motorola,a largest smartphone maker is in talks with Internet Giant,Google for implementing the Android Pay Project in India.Also,the company is in talks with PayTM to implement the feature into their devices.We may expect to get Android Pay Support in India by 2017.With Android Pay,we may able to do cashless payments with contactless transactions via NFC(Near Field Communication) Chips embedded into the smarrphones.The payments can be done using either NFC or by magnetic communication which is used in Samsung Pay.