Yay indeed .. I wanted to try it out when I visited China previously but too bad I do not have the local bank card. Well, people say cash is king so I am one because no one in China use cash for payments.. lol
The biggest cons for Samsung pay is that it only targeting few people. Not everyone is using Samsung somewhat but it is a good start for Samsung.
Entry cost for cashless payment is good got small businesses. Vcash is offering 0.8% merchant fee for every transactions made on their infrastructure. Which is good...noore bulky machine. Question here, how do people do instalment plans going forward.. hmmm