Samsung Pay 2016 AH (3)

Samsung Pay Adds 20 New Banks & Credit Unions

April 20, 2016 - Written By Alexander Maxham

Samsung Pay is a pretty awesome mobile payment service. Unlike Android Pay and Apple Pay, merchants don’t need to update their terminals to support Samsung Pay. Because Samsung purchased LoopPay in early 2015 and integrated their technology into Samsung Pay, all you need to do is tap your phone on the magnetic stripe that usually reads your credit card information. However, while many merchants are already accepting Samsung Pay – whether they know it or not – not all banks are on board. While some banks and credit card companies are on board, not all of them are, which means you won’t be able to use those credit or debit cards. Samsung has continually been adding more and more banks to their list of supported banks. And today they added another 20.

With this round of newly supported banks and credit unions, we have A+ Federal Credit Union, Amalgamated Bank of Chicago, American 1 Credit Union, Ballston Spa National Bank, Congressional Federal Credit Union, Consumers Credit Union, First National Bank of Durango, Greenville Federal Credit Union, Heritage Federal Credit Union, Ideal Credit Union, Island Federal Credit Union, KeyPoint Credit UNion, IBM Southeast Employees Credit Union, Metro Credit Union, NIH Federal Credit Union, North Country Community Credit Union, Northrop Grumman Federal Credit Union, RBCU, Robins Financial Credit Union, Schools Financial Credit Union, and finally Velocity Credit Union. If you are a member of any of these banks of credit unions, your cards should now work with Samsung Pay.

As you probably noticed, many of these banks and credit unions are regional or smaller ones in the US. This is because Samsung already has the majority of the larger banks set up for Samsung Pay. Like Bank of America or Chase. Currently Samsung Pay is only available in South Korea, China and the United States. Arguably the three biggest markets for Samsung. Although they are planning to bring Samsung Pay to a slew of other countries before the end of the year, including the majority of Europe. It’s a great service to check out, and makes it easy to leave your wallet at home, where it belongs.