Samsung Electronics Canada has just announced the launch of Samsung POS (Point of Sale) and that it will be exclusive to Canada only. What does this mean for Canada’s SME industry? At Samsung, we recognize that small businesses and entrepreneurs need simple, convenient and accessible payment solutions. In an increasingly digital age where people are moving away from cash transactions, Samsung POS allows merchants to accept debit or credit payments through their Samsung Galaxy NFC enabled devices without the hassle or expenses of additional hardware. While Samsung POS has first been made available in Canada, there are plans to roll out the service to other countries in 2020. What is the biggest benefit of Samsung POS for SME owners? How will it benefit the success of their business? There are over one million micro-merchants and small businesses across Canada who rely on accessible and affordable payment acceptance solutions. Convenient payment systems are a critical ingredient in scaling up small businesses. We aim to drive increased revenue opportunities for these businesses through Samsung POS. It’s a seamless way for vendors to receive digital payments on the spot. What was the inspiration behind the launch of Samsung POS? What are some of the issues it hopes to solve for entrepreneurs? Samsung has Samsung Pay for consumers and we wanted to deliver the same level of convenience for micro-merchants. The reality is small business owners and budding entrepreneurs need to be able to provide a convenient payment solution for their customers in order to grow. Samsung POS works for their needs, by providing an accessible, highly secure, low-cost and easyto-use mobile payment acceptance solution. Beyond transactional capabilities, Samsung POS also allows merchants to send customer receipts via email, access real-time sales data, provide sales history, and create multiple staff accounts. The sales solution has been piloted in Canada for the past several months by Samsung Electronics Canada Inc. and has been downloaded over 10,000 times.
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