South Korean multinational electronics company Samsung has launched its “Samsung Wallet” in order to allow users to store selected digital keys, boarding passes, identification cards, and more all in one location.
The company said that the “Samsung Wallet combines Samsung Pay and Samsung Pass into one secure platform.”
Samsung Wallet will give users quick access to their payment cards, loyalty, and memberships cards, as well as more. It also integrates with Samsung Blockchain Wallet to enable users to monitor their digital asset portfolio by checking the value of cryptocurrencies.
The company noted that the Samsung Wallet also includes Samsung Pass functionality that securely stores passwords and verifies users’ identities with their biometric data to log into apps and services.
The mobile wallet can also be used to store important documentation, such as your proof of COVID-19 vaccination.
According to the statement, “Samsung Wallet will enable official IDs such as mobile driver’s licenses and student IDs from specified universities later this year.”
Samsung Wallet is protected by Samsung Knox. The safeguards include fingerprint recognition and encryption to protect users’ sensitive data.
Samsung remarked that “certain sensitive key items in Samsung Wallet are stored in an isolated environment called the embedded “Secure Element” to help protect against digital and physical hacking.”
Samsung Wallet also integrates with SmartThings to support digital automobile keys on selected BMW, Genesis, and Hyundai models. The integration will allow users to lock and unlock their cars, start engines, and more directly from the mobile wallet.
“The functionality is available for several models, including the BMW 1-8 Series, X5, X5 M, X6, X6 M, X7, Z4, iX3, iX, and i4 models manufactured after July 2020. The functionality is also available for Genesis GV60 models launched after September 2021, G90 models launched after December 2021, and Hyundai Palisade models launched after May 2022,” as per the company.