Samsung has stepped into the growing development of e-wallet services with the launch of Samsung Wallet which was announced by the company on June 6.
The electronics manufacturer had hinted at a mobile wallet earlier this year during its annual Unpacked event. The wallet is currently available for Galaxy users in six markets which include, the United States, France, Germany, the United Kingdom, Italy and Spain.
Executive Vice President and Head of Digital Life Jeanie Han said, “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.”
The new platform will enable users to operate digital keys, boarding passes, identification cards and more utilities from a single application.
“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,” Han explained.
The application has a long-range of uses including access to payment, loyalty and membership cards. Users can also integrate it with the Samsung Blockchain Wallet to enable them to monitor their digital asset portfolio, including checking the prices of cryptocurrencies.
The other key feature of the Samsung Wallet is the Samsung Pass, a functionality that securely stores passwords and helps to verify users’ identities. Users can use biometric data to log into apps and services.
With the Samsung Wallet, owners of some BMW, Genesis and Hyundai models can also lock and unlock their cars using digital automobile keys.
The Korean tech giant says that the application will later this year add functionalities that include support official IDs, such as mobile driver’s licenses and student IDs.