Apps & Services
The Next Innovation for Samsung Pay
5/7/2020
![Samsung Pay](https://img.us.news.samsung.com/us/wp-content/uploads/2020/05/07203916/SAMSUNG_PAY_IN_APP-e1588898417740.jpg)
By Sang Ahn, Vice President and GM of Samsung Pay, North America Service Business, Samsung Electronics
Now more than ever, people are counting on technology to help them make contactless payments, shop, and manage their finances without leaving the house. Samsung is here to help. Our mission is to make everyday life easier so you can focus on what’s most important.
We created Samsung Pay1 because we believe the most powerful tool for managing your finances is the device that’s always at your fingertips.
From the first day of our launch, Samsung Pay has continued to innovate and deliver new mobile payments experiences for an expanding range of financial tasks. This summer we will help users take care of a critical area of life that impacts everyone – our finances and financial lives.
Five Years of Innovation
When we launched Samsung Pay in 2015, we brought never before seen technologies to the mobile payments experience.
Back then, Samsung Pay was the only mobile payments platform with built-in magnetic secure transmission technology (MST) along with NFC functionality, making it possible to pay practically anywhere you can swipe a card. Even today, Samsung’s MST technology remains unique among mobile wallets.