Samsung could launch Samsung Pay in India anytime soon in Q1 of 2017. Earlier Samsung Pay was launched in Australia, Brazil, Canada (currently limited to CIBC customers), China, Russia, Singapore, South Korea, Spain, and the US.
Samsung Pay MiniThe news looks real as in Indian Market Government has banned the 500 and 1000 currency Notes. Government is promoting the cashless transactions in India. Moreover, Samsung recently tied up with most major Indian banks which includes HDFC, SBI, Axis, ICICI, Yes Bank, Andhra Bank, Karnataka Bank, Punjab National Bank and Vijaya Bank for its My Money Transfer app for Tizen-based Z1 and Z3 smartphones. So, It will be easy for the company to launch Samsung Pay in India.
However, there is not any official confirmation on the Indian Launch of Samsung Pay. But this report is looking more accurate, because of the demonetization in India.