[October 25, 2016] |
|
Samsung Pay to Add Three New Countries, Online and in-App Payments, Location-Based Deals and More
Samsung (News - Alert) Electronics Co. Ltd. today announced Samsung Pay will add
three new countries to the roadmap including Malaysia, Russia and
Thailand, which will bring the convenience of the service to 10
countries by the end of 2016. Samsung Pay also announced a global
partnership with Mastercard to offer a simplified online payment and
express checkout solution through its digital payment service
Masterpass, starting early next year. Hundreds of thousands of merchants
in 33 countries currently accept Masterpass for online payments.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20161025006848/en/
(Photo: Business Wire)
"When we introduced online payments in South Korea last year, the
service was well received by the market. Online payments accounted for
more than 25 percent of the 2 trillion won in processed transactions,
demonstrating that consumers may be actively looking for solutions to
make their online experiences faster, simpler and secure," said Thomas
Ko, VP and Global GM, Samsung Pay, Mobile Communications Business at
Samsung Electronics. "By partnering with Masterpass in the U.S. and
rolling out online payments globally, we will simplify the online
transaction experience by eliminating the need for customers to fill out
tedious online checkout forms, remember long passwords or fumble for
their wallets."
"Mastercard is working to ensure that every one of our accounts is as
digital as the people using them," said Garry Lyons, Chief Innovation
Officer at Mastercard. "Enabling our cardholders to use Samsung Pay to
shop online via Masterpass is the latest example of our work - alongside
our banks, merchants and digital partners - to deliver rich, innovative,
compelling and seure ways to pay and get paid across all channels and
devices, redefining commerce globally."
Samsung Pay will provide consumers with a seamless online payment
platform with benefits including:
-
Express Checkout: Skip the process of filling out long online
forms. With the express checkout solution, customers will be able use
their Mastercard debit or credit cards along with the shipping
information saved on their Samsung Pay account to quickly complete
online transactions.
-
Make Purchases from Any Device: Customers can make online
purchases from a computer, tablet or smartphone while shopping on
their favorite sites or apps.
-
Secure Transactions: Security remains our top priority. When
making online payments, a unique token is used in an encrypted form -
not the actual debit or credit card number. Users can authenticate
transactions using secure methods including a fingerprint scanner,
which is built into Samsung's mobile devices.
Samsung Pay also announced new features in the United States, including
support for in-app payments and new nearby discounts and savings,
marking one more step toward a true digital wallet. The announcements
came at Money 20/20, a leading payments and financial services event.
Access to Deals at Nearby Stores:
Beginning in November, Samsung Pay users will be able to locate
discounts and coupons for nearby stores and restaurants through the new
Deals feature within the Samsung Pay app, and redeem these deals
instantly. With a new refreshed look, and enhancements to user
experience and design on the Samsung Pay app, users will be able to find
and redeem instant savings easily and quickly.
New In-App Payments:
In November, users will also be able to use Samsung Pay as their payment
option when they shop at select merchant apps. Simply select Samsung Pay
during check-out, and select from the cards loaded within the app to
make an in-app payment. To start, in-app payments will be available for
Samsung Pay users when they shop with Velocity, Raise, Fancy, Hello
Vino, Wish and Touch of Modern, with more to come.
Partnership Ecosystem:
With the addition of its latest financial partners Capital One (News - Alert) and USAA,
Samsung Pay now supports over 500 banks and credit unions, representing
over 85 percent of the U.S. debit card and credit card market.
About Samsung Pay
Samsung Pay, a mobile payment service from Samsung Electronics, is
simple, safe and available almost anywhere you can swipe or tap your
card. Combining NFC with Samsung's proprietary MST technologies, Samsung
Pay provides consumers a way to pay almost anywhere you can swipe or tap
a card at millions of merchant locations. Samsung continues to
strategically expand its partnership ecosystem for Samsung Pay to
provide greater flexibility, access, and choice for customers while
enabling an easy and safe payment experience.
Samsung Pay is currently available in the United States on select Galaxy
devices and wearables, including the Galaxy S7 and S7 edge, S6 edge+,
Note5, the Gear S2, and the Gear S3 next month.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. inspires the world and shapes the future
with transformative ideas and technologies. The company is redefining
the worlds of TVs, smartphones, wearable devices, tablets, cameras,
digital appliances, printers, medical equipment, network systems, and
semiconductor and LED solutions. For the latest news, please visit the
Samsung Newsroom at news.samsung.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161025006848/en/
[ Back To Mobile World Congress's Homepage ]
|