Singapore will be the first country in South East Asia to have Samsung Pay made available beginning on June 16. Samsung’s mobile wallet allows users to pay with their compatible Samsung smartphones at terminals that accept contactless payment as well as those that do not accept contactless payment.

“Since the introduction of Samsung Pay last year, we have seen great momentum and experienced significant consumer adoption. Samsung Pay has redefined the way consumers pay and use their smartphones,” said Thomas Ko, Vice President and Global Co-General Manager of Samsung Pay at Samsung Electronics. “We are excited to bring this service to Singapore consumers and we hope to introduce value-added services to drive and lead innovation in mobile commerce, giving consumers a safer, smarter and better mobile wallet.”

Samsung Pay has partnered with payment networks such as American Express, MasterCard and Visa, including banks Citibank, DBS/POSB, OCBC Bank and Standard Chartered.

Merchant Ecosystem

At launch, the mobile wallet will be accepted at merchants, wherever MasterCard or Visa is accepted, and is not limited to merchants that have updated to contactless terminals. Singapore consumers will be able to use the service at independent shops and for merchants that have not yet updated to contactless terminals, a proprietary MST (Magnetic Secure Transmission) technology will enable contactless payment on existing merchant terminals.

The secure and easy-to-use mobile payment service dos just what a credit card and can be used to make purchases almost anywhere that credit and debit cards are accepted.

It will be available on the Samsung Galaxy Note 5 4G+, S6 edge+ 4G+, S7 4G+ and S7 edge 4G+ beginning on June 16 in Singapore.