Major US bank Wells Fargo has become the latest financial institution to support Samsung Pay's biometrics-backed mobile payment service.The addition means Samsung Pay now supports eligible credit and debit cards from 70 banks and credit unions, covering over 70 percent of the US credit and debit card market.”I am delighted to have Wells Fargo on board with Samsung Pay and that our users can now enjoy more choices in debit and credit cards,” said Injong Rhee, Head of R&D, Software and Services, Samsung Electronics Mobile Division. “Samsung Pay is gaining its momentum in customer adoption, and we will continue to expand the list of issuers. I look forward to offering many compelling mobile payment services to our joint customers together with Wells Fargo.””We are pleased today to announce that Samsung Pay is available for Wells Fargo customers,” said Jim Smith, head of Virtual Channels for Wells Fargo. “Innovations like Samsung Pay further our commitment to giving our customers the ability to make payments anytime and anywhere, including from a mobile wallet.”Samsung Pay announced last week that about five million registered users processed over 500 million dollars in the first six months, showing a strong adoption rate in South Korea and the U.S.Unlike its Apple rival, Samsung Pay is compatible with the majority of existing and new terminals, including most magnetic stripe, EMV and NFC terminals.
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