Even though Samsung Pay is theoretically superior to Apple Pay and Android Pay due to its reduced hardware requirements, partnerships are really what determines this most. Surely you don’t need an NFC terminal for Samsung Pay to work, but the amount of banks that support other competing services is just night and day at the moment. Samsung is working on this though, and today we learn of more of its efforts.
As of today Samsung has announced that 14 new banks have joined Samsung Pay. You can now use the service with Chase, PNC Bank, TD Bank, SunTrust, Fifth Third Bank, First Hawaiian, Key Bank, Silicon Valley Bank, Security Service Federal Credit Union, Navy Federal Credit Union, Virginia Credit Union, Associated Bank, Randolph Brooks Federal Credit Union, and in the case of the People’s United Bank, support should arrive in the next few months.
Another major partnership that Samsung is landing is with the Blackhawk Network, which currently hosts gift cards for a ton of companies including Amazon, Macy’s, Home Depot, and yes, even Apple. This support will arrive by the end of the year, along with support for Discover cards in 2016. This marks an end to a good deal of drama, which we saw start with Verizon’s sluggishness to support the payment service, and it should just get better over time.
Via: The Verge