Samsung Electronics has launched its mobile payment service, Samsung Pay, in Puerto Rico, as part of its ongoing expansion strategy.
Samsung Pay will support eligible credit cards from Banco Popular, Puerto Rico’s largest bank, and will be available on AT&T, T-Mobile, Sprint and Claro networks in the country.
The service, which is already available in South Korea, the US, China, Spain and Australia, will allow users to pay using their compatible Samsung smartphones at terminals.
Featuring both MST (Magnetic Secure Transmission) and NFC (Near Field Communications) technologies, Samsung Pay is also equipped with three different security levels, including fingerprint identification; tokenisation to encrypt card credentials; and mobile security platform Samsung KNOX.
Samsung Electronics vice president and global co-general manager of Samsung Pay Thomas Ko said: "We're excited to partner with Banco Popular to bring Samsung Pay to Puerto Rico.
"With Samsung Pay, you can shop in Puerto Rico right from your phones at retail chains and independent businesses – the stores you already know and love. With the widest acceptance, Samsung Pay works almost anywhere you scan swipe or tap a card."
Samsung Electronics has also plans to introduce Samsung Pay in additional markets, including Brazil, Canada and the UK, this year.