How secure is Samsung Pay?
You can feel secure in the knowledge that:
You can keep track of all your purchases. As soon you complete a transaction, you’ll see a payment confirmation that shows exactly where the transaction occurred, along with the merchant's name and number. So it's easy to detect any suspicious activity.
Your transactions and card information are secure. Samsung Pay requires you to authenticate every transaction. In addition, Samsung doesn’t keep your payment information on their servers and your account details are never stored on your phone or shared with merchants. When a payment is made at the terminal, the merchants will only see the Digital Account Number. When you set up Samsung Pay, you’ll have to establish an authentication method to authorise payments (either a PIN or biometrics identifier e.g. fingerprint).
You have greater peace of mind if you lose your phone. If your phone is ever lost or stolen, you can use Samsung’s Find My Mobile service to instantly lock your phone from anywhere, secure it with a new password or even erase your personal information.