Samsung Pay and Contis Join Forces to Drive Financial Inclusion

London, UK – 6^th March 2018 – Samsung Electronics today announced a partnership between its digital wallet Samsung Pay and Contis, a leading provider of end-to-end banking, payments and processing solutions in the UK and Europe.

Contis is the first payments provider to integrate Samsung Pay’s market-leading functionality across a Credit Union proposition delivering the service to over 150 Credit Unions across the UK and providing members with the ability to leverage technology to manage their finances more effectively at a time of increasing budgetary pressure.

Samsung Pay will also be integrated into Contis’ Canvas proposition, a white label solution that provides companies with a powerful, configurable end-to-end platform that is supported by licences enabling deployment throughout Europe. Samsung Pay and Canvas together are creating a one-stop solution for business banking by giving companies the power to enhance their business through award-winning functionality supported by a world-leading brand.

Since launching last year, Samsung has focused on building the functionalities of the service to provide the best possible user experience. Key capabilities include:

Simplicity: With Samsung Pay every transaction is easy and convenient.* Samsung Pay uses Near Field Communication (NFC) making the user experience seamless. Users can launch Samsung Pay with a simple swipe from the bottom edge of their screen to bring up the last used credit or debit card, use their iris, pin or fingerprint to prove their identity, and tap their device on a payment terminal to make a payment. Samsung Pay allows customers to use contactless payment for transactions over £30 (subject to merchant policies).

Security: Samsung is committed to ensuring its customers have complete piece of mind when it comes to mobile payments. Each transaction is authenticated by fingerprint, pin number or iris scan, and uses an encrypted digital token to replace sensitive card information which helps prevent fraud. Additionally, Samsung’s industry-leading Knox security platform is built into the hardware and software of your device, which ensures mobile information and data is secure.

Access (Almost Anywhere): Samsung Pay is accepted almost anywhere you can use your contactless credit or debit card in the UK.

Kyle Brown Head of Technology, Services and Launch Management at Samsung Electronics commented: “We are delighted to be partnering with Contis as part of our dedication to developing an open ecosystem of devices that enhance our customers’ experience. The partnership not only provides us with the ability to deliver our leading solutions to a new user base, but also represents an important milestone as we continue to diversify our service offering into financial services.

“In Contis, we have a found a partner that shares our thirst for innovation and we look forward to working with them closely to deliver this exciting project.”

 Flavia Alzetta, Chief Executive Officer at Contis, commented:  ‘“Our partnership with one of the most innovative companies in the world is testament to the power of our platform and our commitment to developing financial solutions that meet the changing needs of our customers.

“Together, our solutions and scale will not only allow us to tackle the issue of financial exclusion, but through combining Samsung Pay’s functionality with our configurable Canvas platform, we will be able to facilitate the wider evolution of financial services.”

Samsung Pay currently supports these partners and there are more on the way:

– American Express
– Danske Bank
– First Direct
– HSBC
– John Lewis Finance
– M&S Bank
– MBNA
– Nationwide Building Society
– Santander
– The Co-operative Bank

Samsung Pay is currently available with Galaxy S9, S9+, S8, S8+ and Note8, S7 and S7 edge, S6, S6 edge and S6 edge+**, A3, A5 2017 and Samsung Gear S3 & Samsung Gear Sport (via software update) and will be available on additional devices in coming months.

*Available with participating networks, banks and merchants on selected devices, on NFC terminals.  A limit of £30 may apply, based on merchant policies. Corporate cards currently not in scope.

**Available on Samsung Galaxy S6, S6 edge and S6 edge+ devices which have the Android Nougat 7.0 software update.