Samsung’s big launch event was yesterday. Starting with the Galaxy S21 series, the Samsung Pay service will no longer have the MST reader.
The Magnetic Strip Technology (MST) in the Galaxy handsets allowed users to make contactless payments. With an MTS reader on Samsung Pay, the Galaxy Smartphones users could make payments at any payment terminal with a credit card reader.
Android Police confirms that starting with the Galaxy S21 series, the Samsung Pay service will no longer have the MST reader, at least in the U.S. The company claims that the removal of this feature from the Samsung pay is mostly due to the rise in NFC adoption.
Samsung announces, “Due to the rapid adoption of near field communication (NFC) technology by consumers and businesses, beginning with devices launched in 2021, Samsung Pay will focus its support on NFC transactions, across the Galaxy portfolio. While future devices will no longer include magnetic stripe technology (MST), customers with previous, compatible Galaxy devices will be able to continue using Samsung Pay, including MST.”
With the removal of MTS, Samsung Pay is losing one of its notable features. Even with the wide adaptation of NFC support for contactless payments, MTS was still useful at businesses and venues which has not yet updated their system.
via - AndroidCentral