Wearing the banner of Apple, Apple Pay has become very popular across the country. As the most important competitor of Apple, Samsung Pay finally arrived late and officially launched the public beta in China at 12 o'clock today. Similar to Apple Pay, Samsung Smart Pay is also a virtual card package payment application on mobile phones, which can replace users' credit cards or debit cards to complete payment operations in the middle of collection.

Samsung Smart Pay stores the user's credit card/debit card information in the mobile phone through Tokenization technology. During the mobile payment process, it is not necessary to send the user's digital key to the collection terminal. Samsung Pay began testing in South Korea as early as August 2015. It was also launched in the United States at the end of September 2015, but it was much later in China.

The conditions for participating in the public beta are quite strict. Only the Galaxy Note 5 and S6 Edge Plus of the Bank of China can use Samsung Smart Pay, and the system needs to be upgraded to the latest version.

According to the introduction on the official website of Samsung Pay in the US, Samsung Smart Pay should have supported Galaxy S6, S6 Edge and S6 active models, but it may be that the version in Greater China has canceled MST technology, so it cannot be used for the time being.

In addition, Samsung Smart Pay currently supports fewer banks than Apple Pay, only ICBC, China Construction Bank, Everbright Bank, Guangfa Bank, CITIC Bank, China Everbright Bank, China Minsheng Bank and Ping An Bank, and only debit cards of China Construction Bank and China CITIC Bank.

Although there are many restrictions at present, Samsung Smart Pay has certain advantages over other mobile payment. Taking Apple Pay as an example, if you want to use Apple Pay, you need the merchant's POS and NFC flash payment terminal, but Samsung Smart Pay does not have this limitation. It can also be used on traditional POS, which is more convenient and will not be subject to the merchant's payment terminal. However, Samsung Smart Pay also has some drawbacks. For example, it does not support withdrawing money from ATM machines with flash payment function, nor does it support online payment.

Samsung Smart Pay is similar to Apple Pay in use. Users slide out of the payment page from bottom to top from the mobile phone page (you can draw it out when it is not unlocked), select the bank card you want to use, and press the Home key to identify fingerprint to complete payment.