Taking advantage of the presentation of the new Samsung Galaxy S22 and Tab S8, the company has also wanted to make a point and separate in what until now was its payment app to accommodate more services and greater functionality.
While Samsung Pay has so far been the starting point for mobile payments in the company’s terminals, Samsung Wallet comes to provide a new starting point to the Korean ecosystem.
On paper, Samsung Wallet fills in the gaps between payments and other personal documents that are already common to carry on your mobile. Without abandoning, of course, the option to pay with the Galaxy from the Samsung app.
A return to the functionality announced in 2013 that allowed you to store all kinds of passes or tickets to events on your mobile. The new app comes with all the options we expect in 2022: integrated payments, credit and debit cards, tickets, passports, and even identity documents. Samsung Wallet comes to bring everything together in the same app.
Goodbye Samsung Pay, hello Samsung Wallet
Although Samsung Wallet is open to more than just payments, the truth is that it includes a very interesting function for those interested in crypto. Samsung’s new service will be compatible with cryptocurrencies, although details in this regard are still scarce.
Regarding the security of the system, logically the company offers a secure environment within Wallet. Like the rest of the secure features of the Samsung ecosystem, the content of Wallet It has several layers of security under the already classic Samsung Knoxthe security encryption environment that the company has always offered until now and that is widely used by many corporate users who use the ecosystem.
Samsung Wallet will be compatible with a multitude of payment services, card issuing companies, security passes, or car keys. Between the partners that the company has announced are some like Audi, BMW, Ford, Hyundai, Kia or Porsche. In addition to the medical services of IBM Watson Health. However, the number of carriers supporting Samsung Wallet services is expected to increase in the future.
Samsung Wallet initially reach Korea, France, UK, Spain, France and Italy.