In order to make use of Samsung Pay, users have to own
- A compatible Samsung Smartphone (Galaxy Note 5 4G+, S6 Edge+ 4G+, S7 4G+ or S7 Edge 4G+)
- A supported debit/credit card from a partner bank (A MasterCard or Visa card from Citibank, DBS/POSB, OCBC Bank and Standard Chartered)
- Samsung Pay Mobile Application Set up and Installed
It is interesting to know that Samsung Pay is also compatible with payment terminals that do not support contactless payment. As long as the payment terminal has a magnetic stripe reader, Samsung Pay will be supported. This made possible with proprietary technology for Samsung that creates and sends an magnetic wave to the magnetic reader of the payment terminal, allowing the augmentation of the swiping of the credit/debit card.