Samsung started rolling out Unified Payments Interface (UPI) integration to its Samsung Pay mobile wallets[1] earlier this year. The latest Samsung Pay app update now lets it scan Bharat QR codes to make easy UPI payments at merchants.
With the new feature addition, Samsung Pay[2] users will be able to use their devices to pay at merchants that support UPI payment system by scanning Bharat QR code. With the new feature rollout, merchants can get barcodes through the government's Bharat QR Code initiative. For those who are unaware, UPI is a nationwide payment interface that allows users to easily transfer and receive funds by simply registering their mobile phone number and bank account. The service went live in August last year and is interoperable between banks, meaning that the sender and recipient can have an account in any bank and still a fund exchange can take place. Apart from Bharat QR code support, Samsung Pay app is also getting Android O compatibility with the latest update.
Launched in March[3], Samsung Pay service in India supports both NFC and MST (Magnetic Secure Transmission) and also allows a user to send a magnetic signal from smartphone to the payment terminal's card reader. The payments service from Samsung works with most major banks and even Paytm e-wallet. Earlier this year, Samsung Pay added UPI integration which allowed Samsung smartphone owners to make payments from their bank accounts using UPI service. As users do not need details like IFSC code and name of the bank of the recipient, making funds easier to transfer.
Sammobile spotted the new app update first[4]. The latest Samsung Pay version on Google Play[5] doesn't enable UPI payment through Bharat QR...