topic Re: Re: Re: Re: Re: Samsung Pay in Support

Samsung Pay

joowdx — Thu, 10 Feb 2022 22:36:45 GMT

Any news about Samsung Pay support here in PH?

Re: Samsung Pay

Bern2Hell — Fri, 11 Feb 2022 01:04:01 GMT

Sadly none, probably due to laws and the PH market not yet ready in terms of number of users.

But let's wait and see. 😊

Re: Re: Samsung Pay

joowdx — Fri, 11 Feb 2022 01:32:45 GMT

Hmmm, I'm curious as to what law is it?

Yeah, we could wait, but it'll be maybe 5 to 10 years from now without a guarantee.

I wonder why we (PH) are always lagging behind. Even Google doesn't support google pay here in ph.

Re: Re: Re: Samsung Pay

Bern2Hell — Fri, 11 Feb 2022 02:15:24 GMT

Well for one the Bangko Sentral asked to hold applications for ewallets.

True it would still take 5-10 years as the PH market is still at it's infant stage in using ewallet and such.

Samsung probably doesn't want to risk setting up systems, infrastructures, and marketing on marketing that will not meet the demand. 😊

Re: Samsung Pay

butete — Fri, 11 Feb 2022 03:57:11 GMT

Samsung pay, been waiting since s5 but looks bright samsung wallet

Re: Re: Re: Re: Samsung Pay

joowdx — Fri, 11 Feb 2022 10:11:13 GMT

So, it was just BSP themselves all along. But the 2-year ban just ended. I hope there would be plans on supporting e-wallets soon.

Yeah, even if I were Samsung myself. Unless there's a competition, it's another story.

Re: Re: Samsung Pay

joowdx — Fri, 11 Feb 2022 10:15:29 GMT

Since S5 wow 😅 it's been so long.

By the way, I just wanna ask. How is the Samsung Blockchain Wallet? I'm not using PH firmware so I can't explore it myself as it's not supported. Also, I don't really have experience in crypto stuff. I just wanna know how is Samsung doing with it?

Re: Re: Re: Re: Re: Samsung Pay

Bern2Hell — Fri, 11 Feb 2022 10:16:50 GMT

Yeah, laws and regulations are a factor. But the business side is also a big factor. As the big question for the company is it sustainable and lucrative enough for them to risk the market. Or do they simply wait for the market to develop and bring it in later on.

Re: Re: Re: Re: Re: Re: Samsung Pay

joowdx — Fri, 11 Feb 2022 11:02:23 GMT

I don't know how businesses or laws work but does it really take that much resources to have it materialise here in ph?

I've read a Reddit post some time ago. As BDO says we should contact Samsung on its availability. But yeah, does it really take that much of an effort and resources to have it weighed as a risk when doing so? https://www.reddit.com/r/SamsungPay/comments/epfx4x/update_on_samsung_pay_philippines/

Re: Re: Re: Re: Re: Re: Re: Samsung Pay

Bern2Hell — Fri, 11 Feb 2022 11:17:53 GMT

Of course, they always weigh it in first if it is sustainable and profitable.

They'll need to invest on the legal, setup of the system here in the PH, and most of all marketing.

Also remember that not all galaxy devices have Samsung Pay. So would there be enough users to sustain it?

Let's think of it this way, if we assume that there are only 1 million devices compatible with Samsung Pay here in PH. Conservatively only 10% of those will know what Samsung Pay is so meaning 100k users. Out of the 100k users we can conservatively estimate that 10% of that will be using it. Meaning only on average 10k users will be using Samsung Pay. That would not be a lot of users to sustain Samsung Pay.

If we argue that it's to conservative to compute it that way. Just remember there PayMay, GCash, different bank apps that are also competing on that service. 😊

Re: Re: Re: Re: Re: Re: Re: Re: Samsung Pay

joowdx — Fri, 11 Feb 2022 11:54:30 GMT

Thanks for your detailed answer. I completely agree with you but I think Samsung Pay is just more of a tool to replace physical cards with digital ones. I don't think it's meant to completely compete with PayMaya or GCash as you can even, if ever possible, use it inside Samsung Pay and utilize it to its full extent. I think it's only meant to compete with Google Pay or Apple Pay as they imitate physical cards. But yeah, agreed. Got lot of acquaintances using Samsung devices but doesn't even know some of its very basic and useful features such as gestures, edge panel, dual messenger, let alone Samsung Pay.

I just remembered. Samsung Blockchain Wallet is supported here in PH and not in Vietnam (my device's firmware). It comes pre-installed. It's just adding more confusion as blockchain is even more complicated.

Re: Re: Re: Re: Re: Re: Re: Re: Re: Samsung Pay

Bern2Hell — Fri, 11 Feb 2022 12:34:42 GMT

True, the most expensive part in introducing new products in any industry is educating the market.

It's a lot of marketing and promotions until the market gets use to it.

Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Samsung Pay

joowdx — Fri, 11 Feb 2022 14:22:47 GMT

Agreed. Though I kinda find it ironic if Samsung were to base on the number of users as there would be significantly fewer users to its Blockchain Wallet than if they were to support Pay.

Having both won't hurt. We could only do nothing but hope they'd notice but, surely, the chances of these kinds of stuff being noticed is next to none. Pretty sure I'm not the only one posting something about SPay as someone even contacted the support themselves but nah.

All we could do right now is forget about it. Anyways thanks for the exchange of thoughts. Have a nice evening 😊

Re: Re: Re: Re: Re: Re: Re: Re: Samsung Pay

butete — Thu, 14 Apr 2022 04:11:39 GMT

Hope next president will see the potential of samsung pay