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Samsung Pay Expands Reach to Millions of South Africans and soon to launch with more banks
Digital payment adoption in the country accelerates at rapid pace, through Samsung Pay
JOHANNESBURG, South Africa – 11 March, 2019 – Launched in August last year, Samsung Pay has revolutionised mobile payments in South Africa. This secure and simple digital wallet instantly gives Samsung Pay supported devices the functionality of a bank and loyalty card, which can be used almost anywhere* you can swipe, insert or tap a card. The innovative mobile payment system has already generated an impressive 400 000 purchase transactions since launch. It demonstrates the healthy appetite South Africans have for safe and convenient ways to pay.
This success was achieved through strong partnerships with banking institutions including Absa and Standard Bank. With the addition of FNB and RMB Private Bank, Samsung Pay’s growth will be amplified even more. Samsung Pay will also be available to Investec and Discovery Bank customers shortly which will make Samsung Pay as ubiquitous as any other means of traditional payment. Samsung Pay has taken a giant leap forward for digital mobile payments in the country. Effortless convenience has arrived in a big way.
“We’re excited to offer this innovative technology to more South Africans and are confident that the nation will continue to embrace the convenience of Samsung Pay with great enthusiasm. As a human centred company, Samsung is pleased to introduce a product that defies barriers and makes everyday tasks like the grocery run, so much easier,” says Justin Hume, Director: Integrated Mobility at Samsung South Africa.
Samsung Pay works seamlessly with supported Galaxy smartphones and has now grown to include supported Samsung Gear and Samsung Galaxy Watches so there are even more ways to enjoy the simplicity and convenience of Samsung Pay. With your bank cards loaded on a Samsung Pay supported smartphone or watch, paying is just a swipe, authenticate and tap away. It is also one of the most secure mobile payment methods available today leveraging Samsung’s government grade Knox security already built-in to Samsung smartphones and watches. Additionally, tokenisation from Visa and Mastercard protects your physical card information as it 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 can be downloaded, for free, from the Google Play store. 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 9, Note 8, S9/S9+, S8/S8+, S7/S7 edge, A8 (2018), A7 (2017) and A5 (2017), Galaxy Watch, Galaxy Watch Active, Gear S3 Watch and Gear Sport Watch.
* 97% acceptance rate based on local trials for compatible smartphones (NFC and MST). Compatible wearables (NFC only) will have a lower acceptance rate as they can only be used at contactless terminals.
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