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Source: Samsung

More South Africans will have access to the convenience of Samsung Pay

JOHANNESBURG, South Africa – 22 August, 2019 – Samsung Pay has revolutionised mobile payments in South Africa. This secure and simple digital wallet instantly gives a Samsung compatible device the functionality of a bank and loyalty card, which can be used almost anywhere*. Since August 2018, Standard Bank Mastercard cheque and credit cards could be used as payment cards within Samsung Pay, and now Standard Bank Mastercard Debit customers will also enjoy the many benefits of Samsung Pay.

“Our collaboration with Standard Bank will open this innovative technology to more people. We’re confident that Standard Bank customers will embrace the convenience of Samsung Pay with great enthusiasm,” says Cambridge Mokanyane, Chief Marketing Officer at Samsung South Africa.

With a bank card loaded on a Samsung smartphone, paying is just a swipe, authenticate and tap away. Additionally, Samsung Pay’s security exceeds other mobile payment methods. Through tokenisation from Visa and MasterCard the physical card information is never used during the payment process, but instead a unique cryptographic sequence is used for the transaction, which changes with every transaction made. Samsung Pay also works almost anywhere* you can swipe, insert or tap a card.

“Standard Bank is constantly innovating to become the preferred partner for everyone’s digital experiences. We are proud to be associated with industry leader Samsung to deliver simple and secure contactless payment from your smartphone or wearable, virtually anywhere in the world, whether you have a Standard Bank credit card, cheque card or debit card. We always strive to be at the forefront of new technology that will make our customer’s lives easy, because when their lives are easy and convenient, then we’ve delivered on your promise that they are good to go”, says Gwenael Trotel, Head of Consumer Solutions for Emerging Payments at Standard Bank.

Samsung Pay can be downloaded, for free, from the Google Play store or Galaxy Store depending on your Galaxy device. Once you load your bank cards, paying is always just a quick tap away. It’s convenience on the go. Samsung Pay can be used on the following devices: Galaxy S10+, S10, S10e, Galaxy Note 10+, Note 10, Note 9, Note 8, S9/S9+, S8/S8+, S7/S7 edge, A9, A80, A8, A70, A7 (2017), A5 (2017), Galaxy Watch, Galaxy Watch Active, Gear S3 and Gear Sport Watch.

* 97% acceptance rate based on local trials for compatible smartphones (NFC and MST). Compatible wearables and smartphones (NFC only) will have a lower acceptance rate.
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MIL OSI Economics