Samsung has revealed more details about expanding its mobile payments service in the U.S., with plans to support many more financial institutions in the coming months.
Launched in the U.S. in September, Samsung Pay supports both NFC payments and Samsung’s MST (Magnetic Secure Transmission) protocol, meaning it can be used at more merchants than Apple Pay or Android Pay. Thus far, Samsung Pay has only worked with credit or debit cards from American Express, Bank of America, Citi, and U.S. Bank, but at the Money 20/20 event in Las Vegas today, Samsung revealed additional banks will be added to its roster.
By the end of the year, Samsung Pay will support cards issued by the following 14 institutions: Chase, PNC Bank, TD Bank, SunTrust, Fifth Third Bank, First Hawaiian, Key Bank, Silicon Valley Bank, Security Service Federal Credit Union, Navy Federal Credit Union, Virginia Credit Union, Associated Bank, Randolph Brooks Federal Credit Union, and People’s United Bank.
From next year, Samsung Pay will also work with Discover, meaning Samsung will have all four major payment networks covered — MasterCard, Visa, American Express, and Discover.
In related news, Samsung says it’s also adding gift cards to Samsung Pay. The Korean tech titan is teaming up with Blackhawk Network for the initiative and will include “dozens” of retailers, meaning you can simply load your gift card onto your smartphone and redeem it in-store.
Samsung Pay is currently only available on the Galaxy S6, S6 Edge, S6 Edge+, and the Galaxy Note 5 on AT&T, Sprint, T-Mobile, U.S. Cellular, and — as of last week — Verizon.