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Samsung Pay adds US card issuers and reports on consumer adoption

Samsung Pay
GROWING SUPPORT: Samsung Pay is to add 14 US card issuers in the coming months

US payment network Discover, gift card provider Blackhawk Network and fourteen financial institutions are to add support for Samsung Pay in the coming months, Samsung has announced, and consumers that are using the service have made an average of eight transactions since its launch four weeks ago.

“Three out of four Samsung Pay transactions were made via MST, validating that combining MST and NFC makes Samsung Pay the most accepted mobile payment system,” Samsung adds.

“After one month, the numbers say it all: Consumers who have used Samsung Pay are using it repeatedly because it works almost anywhere you can swipe or tap a card,” says Thomas Ko, global co-general manager of Samsung Pay.

Samsung Pay will work with Discover “starting next year” while support will be added “in the coming months” for cards issued by 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 People’s United Bank.

Consumers will also be able to load and use gift cards “by the end of this year”, via a partnership with Blackhawk Network.

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