Will You Be Able to Make Payments With The Samsung Smart Ring?

By Lokesh Jaral | Updated on May 20, 2024
Fact Checked By Fact Checked By Palak Gupta
Samsung Ring Payment

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While it’s obvious that the Galaxy Ring boasts all the impressive features measuring health metrics, the one feature that has intrigued me the most is its NFC payments. Will the smart ring allow me to ditch my wallet and pay with it? Let us know. 

The ability to make payments with the upcoming Samsung Galaxy smart ring is unconfirmed. As the ring is not in the market, it is still early to make any assumptions. 

So, what are the potential payment implications we can expect from the Samsung Galaxy smart ring?  

What Samsung Has to Say About This?

Samsung Vice President Hon Pak hinted in this direction at the Unpacked Event 2024, saying, “We have a whole … team that is looking at that, but I think clearly looking at multiple different use cases for the Ring beyond just health, for sure.”

While Samsung has hinted at the possibility of making contactless payments with the Samsung smart ring, it has not provided any concrete details.

Although many sites claim the Samsung Galaxy Ring to be the first smart ring to include cashless payments, let me tell you the pioneer in this field is McLEAR RingPay, which allows you to make contactless payments with a wave of your hand. So, to compete in the current market standards, where the best of the best fitness tracking smart rings already exist, Samsung is working on standing out from the crowd by adding extra and unique features like contactless payments and the ability to control other devices. 

Based on my research, here is what I concluded from Samsung’s verdict:

What Did I Conclude From This?

1. Saving the announcement for a later date

I think Samsung might be strategically keeping the payment capabilities under wraps. Allegedly, with Apple designing its own smart ring, Samsung is trying its best to keep the users intrigued. 

The Head Pak also mentioned the caliber of this ring to tempt the users to switch to Androids. So, it might be possible that the company wants the users to keep thinking about the ability the Galaxy ring possesses. That’s why they are not revealing everything at a time and saving the announcement for a future unveiling to maximize impact.

2. Security aspects

Talking about payments, the first thing that comes to my mind is security. With the advent of technology, it is possible now to make payments with just a small ring (of course, supporting NFC). So, to keep the users satisfied regarding security, it might be possible that the company is taking its time.

As you know, a wearable watch requires a screen lock to enable cashless payments, which is not possible for a screenless ring (though it’s smart). So, I think it’s possible that security might need to be addressed adequately within the Samsung wearable mobile app settings.

According to my speculations, it might be possible that Samsung is considering adding contactless payments in a later version. 

Also, the reasons mentioned above are based on my research. Any concrete details can be given only after the release of the Samsung Galaxy smart ring.

Frequently Asked Questions

Verdict – Wait and Watch

As of now, the payment assumptions are whirling around thin in the air. However, based on my research, Samsung is working on the possibility and might unveil the payment abilities later. Until then, consider the Samsung Galaxy Smart Ring, a stylish fitness tracker for Android users. 

Wrap Up

With many smart rings already available in the market, it is yet to be seen what makes the Samsung smart ring different from them and what extra features it will possess. I am eagerly waiting for the ring to be available so that after sliding it on my finger, I can write a detailed review for you. 

Till then, I am measuring my sleep analysis and health metrics with the stylish Oura ring! Which smart ring do you like better? Tell me in the comments section below.

Step into Lokesh's tech-style haven! As your guide in the world of smart rings, Lokesh infuses every byte with a touch of personal flair. Discover the perfect blend of innovation and elegance, where health tech meets sleek designs. Join Lokesh on this journey—your go-to companion for all things smart and stylish!

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