As the mobile payment market continues to expand from all angles, each platform works with institutions to add support for their customers so they're able to use the mobile payment system in stores and online. Samsung Pay is currently the most versatile as it can be used anywhere with a magstripe reader, which is nearly anywhere, and today Samsung has just added support for a total of 39 new banks and credit unions in the U.S. to the platform, allowing more users to set up Samsung Pay to be used for purchases on anything from food, to clothing, to electronics at various retail stores nationwide.
While Samsung Pay already supports a fairly large list of banking institutions and credit unions here in the U.S., there are still many more to add to the list which seems to be a slow roll out. This is also not much different from other options like Android Pay that is also adding supports for more banks at a somewhat slower pace.
As for the new banks and credit unions, the 39 that now added to the list from today includes Achieva, Alcoa Tenn Federal Credit Union, American Heritage Federal Credit Union, Bangor Savings Bank, Bridgewater Savings, CSE Federal Credit Union, Christian Community Credit Union, Chrome Federal Credit Union and more. This is following a list of 20 new banks and credit unions which were added to the list of supported institutions towards the end of April. Beyond continuing to increase their list of supported banks and credit unions across the globe where the service is already supported, Samsung has also expanded Samsung Pay support to ATMs in South Korea, where their own mobile payment service is also the most popular method of mobile payment offerings. This should come as no surprise as South Korea is where Samsung's main headquarters is based. Samsung Pay is also set to be the main form of mobile payment used at the 2016 Olympic games coming up later this year, so the faster that Samsung can add more support the better, as more users who may be attending the games are likely to take advantage of it if they're able to set up a credit or debit card inside the app.