Samsung started its Samsung Pay Taiwan pilot project two and a half weeks ago, with rumors claiming the Korean giant would bring Samsung Pay to the area on May 23rd. The day has come, as Samsung has indeed rolled out Samsung Pay to seven Taiwanese banks.
Samsung Pay will work for Taiwanese Samsung Galaxy smartphone users and smartwatch users that are Union Bank of Taiwan, Taishin International Bank, Taipei Fubon Bank, Cathay United Bank, Standard Chartered Bank, E.SUN Bank, and Citibank Taiwan.
Samsung Pay will work for the Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+, Galaxy S7, Galaxy S7 edge, Galaxy S8, and Galaxy S8+ smartphones, as well as the Gear S2 (Sport), Gear S2 Classic, and Gear S3 Frontier and Gear S3 Classic smartwatches. Interested parties must first download the app onto their smartphones, log into their Samsung account, then program their biometric ID to access Samsung Pay on their mobile devices.
Samsung Pay’s Taiwan rollout helps the Korean giant stay competitive with its staunchest rival, Apple, as Apple’s mobile payments system (Apple Pay) is also alive in Taiwan. This month, Samsung has rolled out Samsung Pay to Sweden, United Arab Emirates (UAE), Hong Kong, and Switzerland, as well as the United Kingdom (even for the UK Gear S3 and Gear S2; Korea also), with plans to arrive in France alongside of the Galaxy Note 8 launch in September.
Currently, Samsung Pay is active for more than 870 banks and unions worldwide, and will account for as much as 70% of all future credit card transactions in Taiwan.