Samsung announced the date of launch in Russia of its own payment system

Samsung will launch its payment system Samsung Pay 29 September. Payments will be processed via MasterCard, reported in a press-service of the company.

At the moment the project partners are JSC “Alfa-Bank”, VTB 24 (PJSC) PJSC “MTS”, JSC “Raiffeisenbank”, JSC “Bank Russian standard” and OOO “Yandex”. In the future, Samsung plans to increase their number by half, according to a press release.

Payment system Samsung Pay is supported on Samsung Galaxy S7 edge, Galaxy S6 edge, Galaxy Note5, as well as the Galaxy A5 (2016) / A7 (2016). For payment, the owner need to touch the smartphone screen to choose a card and to login with fingerprint.

“It is a safe and convenient mobile payment service, which can be used to make purchases virtually anywhere that accepts ordinary credit card,” said the company.

Instead of the number of the credit card is used a token is a special room which is formed at the moment of authorization. From malicious attacks phones will be protected by Samsung KNOX.

The Commission for the use of the system with users, issuing banks, acquiring banks and trading companies will not be charged.

In early August the General Director of Visa in Russia Catherine Petelin reported on the preparation for implementation of the tokenization service, which will bring to the Russian market payments app Apple pay, Samsung Pay, and Android Pay for contactless payment of goods via smartphones.

Earlier on September 7, Apple announced the launch in Russia of Apple Pay. In a press release said that the service should make before the end of 2016.