Samsung Pay, the payments solution of Samsung Electronics, will be available in India in the first half of next year as it expands to new countries, reports Business Korea. Currently the service is live in seven countries including Korea, the United States, Australia and Singapore. Sammobile, a news portal which tracks information from Samsung, reports that the company will be bringing in Samsung Pay to its mid range smartphones to increase penetration in the country. It added that Samsung had already tied up with most major banks in India for its My Money Transfer app for Tizen-based Z1 and Z3 smartphones. Samsung Pay will have a ready captive market in India when it launches. According to an IDC report, Samsung leads the Indian smartphone market with 23% share in Q3 2016 with 8% sequential growth and 9.7% growth from the same period last…
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