Samsung Wallet

Samsung Aims to Compete in Mobile Wallet Space with Samsung Wallet

Samsung has introduced its own mobile Wallet feature, which is set to compete with the likes of Apple Wallet and Google Wallet. Samsung Wallet will be available exclusively to Samsung Galaxy device owners.

Samsung Wallet is designed to combine Samsung Pay with Samsung Pass, as well as serve as a place store a variety of digital access IDs, payment, and loyalty cards, keys, and more. The secure app is protected by defense-grade security from Samsung Knox and takes advantage of an open Galaxy ecosystem by integrating with Samsung Blockchain Wallet to easily monitor cryptocurrencies, and SmartThings to unlock doors. 

“Samsung Wallet is bringing a new level of everyday convenience to mobile devices with a totally safe and secure environment for storing digital keys, cards and more,” says Jeanie Han, Executive Vice President and Head of Digital Life, MX Business at Samsung Electronics. “As part of our ongoing commitment to open ecosystems, we will continue to expand on the capabilities of Samsung Wallet by working closely with our trusted partners and developers.” 

Samsung Wallet

Samsung Wallet provides one-swipe access to payment cards, loyalty and membership cards and more. It also incorporates the functionality of Samsung Pass, which securely stores passwords and enables you to quickly and easily log into apps and services.

You can also use Samsung Wallet to monitor your digital asset portfolio by checking the value of cryptocurrencies across various exchanges in one place. Later this year, Samsung Wallet will also begin to support official IDs, such as mobile driver’s licenses and student IDs. Other important documentation, such as proof of COVID-19 vaccination status, can also be securely stored in Samsung Wallet.

With the integration of SmartThings and Samsung’s partnerships with nine home security companies, you will be able to add digital home keys to lock and unlock doors with a compatible Galaxy device. Samsung Wallet also supports digital automobile keys on select BMW, Genesis, and Hyundai models, which lets owners lock and unlock cars, start engines, and more. Initially available for models like the BMW 1,2,3,4,5,6,8 Series, 5-X7, and iX models launched after July 2020, the functionality is also available on Hyundai Palisade, Genesis GV60, and G90, with additional automaker partnerships expected.

Additionally, Samsung’s initial partnership with Korean Air allows Korean Air boarding passes to be stored in the Samsung Wallet for easy access.

Samsung Wallet is protected by defense-grade security platform Samsung Knox. Protections include fingerprint recognition and encryption which help safeguard sensitive data so only the device owners can access their important information. Along with Samsung Knox, certain key sensitive items in Samsung Wallet are stored in an isolated environment, the embedded Secure Element, which also helps protect against digital and physical hacking.

Samsung Wallet is not yet available in Canada, but it will be coming to the U.S., France, Germany, Italy, Spain, and the U.K. Open Samsung Pay or the Samsung Pass app from an eligible Galaxy device and follow the prompts to update and migrate to Samsung Wallet, or visit the Galaxy Store to learn more.