Samsung bets on e-wallets and launches Samsung Wallet

Samsung yesterday announced the launch of Samsung Wallet. It is a e-wallet that will allow itss users store digital keys, boarding passes, ID cards and more. Toall this in one place.

Also, the company confirmed that Samsung Wallet combines Samsung Pay and Samsung Pass on one secure platform.


When will Samsung Wallet be available?

Lhe mobile wallet was shown for the first time at the event unpackedorganized by the company earlier this year.

Since yesterday, Galaxy users on United States, France, Germany, United Kingdom, Italy and Spain pthey can try it. They just have to open the Samsung Pay or Samsung Pass apps to migrate to the new Samsung Wallet.

Samsung.

What are your Samsung e-wallet features?

The digital wallet cwill have with quick access to payment cards, loyalty, membership and more. Will have Samsung Blockchain Wallet to allow users to monitor their digital asset portfolio and check the value of cryptocurrencies.

It will also include the functionality SamsungPass. Is securely stores passwords and verifies user identities. In addition, it can be used to store important documentation and, throughout 2022, it will be able to accept official identifications.

Samsung Wallet will also be complemented by SmartThings. It will be able to support digital keys for selected cars from BMW, Genesis and Hyundai.

In addition, users will be able to save their boarding passes. For now, this will be limited to select flights from Korean Air.

And what about security?

The company has claimed that Samsung Wallet will be ccompletely safe. In fact, it will be protected by samsung-knox.

Read Also:  What will the actor do if the government asks Aamir Khan for help?

Some of the most prominent security measures that Samsung Wallet will use are fingerprint recognition and encryption to protect users’ sensitive data. Certain key elements will be stored in an isolated environment called «Secure Element», integrated to help protect against digital and physical piracy.

Samsung Wallet brings a new level of everyday convenience to mobile devices with a fully secure environment to store digital keys, cards and more. As part of our ongoing commitment to open ecosystems, we will continue to expand the capabilities of Samsung Wallet by working closely with our trusted partners and developers.

Jeanie Han, executive vice president and chief digital officer of Samsung Electronics.

What is the reason for the rise of e-wallets?

E-wallet is the name given to a digital wallet or an electronic wallet. They are nothing more than a payment instrument of the current digital ecosystem. They offer an alternative to traditional payment methods, being more comfortable, faster and safer.

It is one of the means of payment that has grown the most in recent years. Currently, there is a wide variety of e-wallets available on the market.

People have gotten used to making their purchases online, and more so after the pandemic. Having an e-wallet can make these purchases easier. That is why they have become so popular.

E-wallets are convenient and simple tools when making a payment. And not only for customers, but also for shops and companies. By integrating an e-wallet in a business, payment methods are expanded and greater accessibility is provided.

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here