Earlier this year, Samsung started rolling out Unified Payments Interface (UPI) integration to Samsung Pay mobile wallets. The latest update in Samsung Pay app allows you to scan Bharat QR code which will make easy UPI merchants. The UPI support which comes in Samsung Pay shows a notification when you open the app and after installation.
Samsung Pay Feature:
With this new feature, Samsung Pay users will be able to use their devices to pay at the merchant which support UPI payment system by scanning Bharat QR code. The merchants will get barcodes, as Bharat QR code through the government of India. This barcode will work just like the one for wallets like Paytm.
UPI is a nationwide payment service that allows users to easily transfer and receive money just by registering the mobile phone number and bank account. The UPI service went live in last year of August and it is interoperable between banks. That means the sender and the recipient have the account in any bank, they can still exchange with their funds. Apart from Bharat QR code support, Samsung Pay will get Android O compatibility with the latest update.
Samsung Pay service in India supports both NFC and MST (Magnetic Secure Transmission). Also allows a user to send a magnetic signal from smartphone to the payment terminal of the card reader. Samsung payment service works with major banks and even with Paytm e-wallet. Samsung added a UPI integration this year, which allows Samsung smartphone users to make payment from their bank account with a help of this UPI service. A user doesn’t need any details like IFSC code and name of the bank, which makes funds easy to transfer.
Android users can download Samsung Pay from Google Play Store. But the version present on Play store doesn’t enable UPI payment through Bharat QR code which means users have to wait for the new update of Samsung Pay. Let us know about your feedback in our comment section below.