SEOUL, South Korea—Samsung has unveiled its new digital wallet, which combines the existing Samsung Pay and Samsung Pass platforms into one.
The new platform will store and let users access digital IDs, payment and loyalty cards, keys, boarding passes and more, according to the company.
Samsung Wallet is using Samsung Knox for defense-grade security. Protections include fingerprint recognition and encryption to help safeguard users’ sensitive data, Tech Republic reported. In addition to Samsung Knox, certain key sensitive items in the wallet are stored in Secure Element, an isolated environment designed to help protect against digital and physical hacking, the publication added.
The wallet also takes advantage of an open Galaxy ecosystem by integrating with Samsung’s Blockchain Wallet.
Expanded Functionality
In addition, Samsung Wallet expands Galaxy functionality to provide new convenient use cases, such as Samsung automobile keys on select BMW, Genesis, Hyundai and Kia models, Tech Republic reported. The company said more automaker partnerships are expected. The storage of boarding passes starts with a partnership with Korean Air.
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