Samsung Pay has really taken off despite being a fairly new player in the mobile payment space. This is, of course, mostly due to the fact that it’s a feature which comes packed in with some of the most popular flagship smartphones out there, such as the Samsung Galaxy S6 and S6 Edge, Galaxy Note 5 and the upcoming Galaxy S7 and S7 Edge. On top of that, it can work anywhere a credit or debit card can work, thanks to magnetic secure transmission that emulates a magnetic strip on a card. Even with how popular Samsung Pay has become, some owners of recent Samsung flagships are still left out. One common reason for this is particular banks not being supported, which can range from small local outfits and credit unions to some of the bigger players. Members of one of the bigger banks, however, can rejoice as Wells Fargo is now on board with Samsung Pay.
Wells Fargo was one of the bigger and later holdouts, going with Apple Pay and Android Pay before finally signing on with Samsung Pay, but they are now putting their full blessing behind each Samsung Pay transaction their customers make. The transactions will carry all of the benefits of normal debit card transactions, including fraud and risk monitoring and protection, overdraft protection if you’re signed up for it and of course, Well’s Fargo’s signature Zero Liability Protection, which means that if a transaction shows up on your ledger that you didn’t make, prompt reporting to their fraud department means you’re not liable for a single cent.
With the addition of another of America’s biggest banks, Samsung Pay’s popularity seems to have nowhere to go but up in the United States as the service begins to pop up all over the globe. With it set to hit tons of new places over the course of 2016, it’s not entirely impossible to think that Samsung Pay could climb the charts in short order, perhaps even becoming the dominant force in mobile payments worldwide. That’s not to say Apple Pay will go down without a fight, but if anybody at this point can do it, Samsung Pay increasingly seems to be a viable option.