Traditional POS payment to NFC non-connected fast payment evolution

April 29 01:10:04, 2023

Recently, ICBC, China Construction Bank, Bank of China, Bank of Communications, China Merchants Bank, China CITIC Bank, China Everbright Bank, Huaxia Bank, Minsheng Bank, Guangfa Bank, Ping An Bank, Industrial Bank and other banks have announced their official support for Samsung Pay, becoming the first Banks that support the Samsung Pay service. It is understood that this is the second NFC payment method officially launched in China after Apple Pay.

According to reports, Samsung Pay is a mobile phone application launched by Samsung that allows users to securely manage and use their own bank cards on mobile devices such as mobile phones and pay for them through mobile phone operations.

In recent years, the mobile payment industry has developed rapidly, from traditional POS payment to NFC non-connected fast payment. Every evolution of the credit card payment industry relies on technological innovation. It is understood that domestic millet, Huawei and other manufacturers are also actively developing NFC payment technology.

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