Samsung has begun accepting registrations for early access to Samsung Pay in India, according to several media reports.

Potential users must have a Samsung Pay-eligible device and an account with Axis Bank, HDFC Bank, ICICI Bank, SBI Cards or Standard Chartered Bank.

Paytm mobile wallet users also will be able to use Samsung Pay, according to the company. 

"In case you don't have an existing Paytm wallet, a new one can be created through Samsung Pay," the company said in a statement.