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Samsung Pay and Nedbank Are Making South Africans See Money Differently
In an era of heightened focus on security and convenience, Nedbank joins Samsung Pay
JOHANNESBURG, South Africa – 15 April, 2020 – The rate of adoption of Samsung Pay continues to prove that South Africans are embracing new digital solutions to transact. The 2 million transactions milestone was reached by Samsung Pay in February 2020, clearly indicating the evolving consumer need. Additionally, the importance of contactless payments has been put into sharper focus recently as a preferred method of payment. This secure and simple digital wallet allows you to use your cards instead of cash and do contactless payments almost anywhere on compatible Samsung devices. Nedbank customers can now also enrol their Visa, Mastercard and American Express cards into Samsung Pay.
“We are pleased to welcome Nedbank to the Samsung Pay platform. This is a collaboration that will connect even more people to our innovative and secure technology. The momentum is now firmly in favour of the country’s most widely accepted contactless payment system. Samsung Pay will support millions of South Africans need for additional uses of digital systems and their mobile devices. As part of this roll out we have also extended the offering to our mass devices such as the A30s making it available to even more people,” says Justin Hume, Director: Integrated Mobility at Samsung South Africa.
Samsung Pay, a secure and simple digital wallet instantly gives supported Galaxy Phones and Wearables the functionality of bank and loyalty cards, that can be used almost anywhere, you can swipe or tap a card. The Samsung Knox technology built into your device constantly monitors your phone to keep your information safe. Every transaction uses an encrypted digital token for added security, so your actual card number is never used during a transaction and your token information is encrypted in a separate and secure data vault at all times.
“As the world becomes increasingly digitised, consumers’ expectations from banks have changed. Client expect their banking solutions to be as easy and seamless and mirror their experiences on other platforms. Therefore, as a financial services institution that strives to offer seamless, easy and safe payments mechanisms we have made Samsung Pay available to our customers. Through such collaborations, we are able to deliver a convenient banking solution, and share the vision of seeing money differently with every client.” says Chipo Mushwana, Divisional Executive of Emerging Payments at Nedbank.
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 and safety on the go.
* Samsung Pay can be used with the following devices: Galaxy Note 10+, Note 10, Note10 Lite, Note 9, Note 8, Galaxy Fold, Galaxy Z Flip, S20 Ultra, S20+, S20, S10+, S10, S10e, S9/S9+, S8/S8+, S7/S7 edge, A71, A51, A9, A80, A8, A70, A7 (2017), A5 (2017), A30s, Galaxy Watch, Galaxy Watch Active 2, Galaxy Watch Active, Gear S3 and Gear Sport Watch.