Samsung Pay is a simple and secure mobile payments solution that works almost anywhere payments are accepted with a swipe or tap of a card. The technology allows consumers to pay with their credit cards using Samsung mobile devices instead of using the card itself. Mastercard is working with major card issuers, including Bank of China (Hong Kong), Citibank, Dah Sing Bank, DBS Bank, and Standard Chartered Bank to enable their customers to use their Mastercard credit cards with Samsung Pay. Citibank, Dah Sing Bank and Standard Chartered Bank cardholders can register online to participate in the Early Access Program.
To make payments using their Mastercard card, consumers need to choose their preferred Mastercard card when accessing Samsung Pay, scan a fingerprint or iris* (which can be different from the authentication method registered to unlock the device), and tap their device on a contactless terminal to complete a purchase. The Mastercard Digital Enablement Service (MDES) enables Mastercard credit cardholders to use Samsung Pay. The platform helps transform Samsung mobile devices into commercial devices for making contactless transactions, providing a secure payment experience for users. Every purchase made with a Mastercard using Samsung Pay offers all the benefits and guarantees of a transaction with the physical Mastercard card.
“As a global leader in information technology, Samsung has always aspired to create better and more fulfilling experiences for our users through meaningful innovations,” said Yiyin Zhao, VP and Head of Information Technology and Mobile Communication Business for Samsung Electronics HK Company. “We hope to offer our consumers a payment service that is truly safe, simple, and widely-accepted. We are also thankful for the support of Mastercard. Together, we are creating a more complete payment experience, further enhanced with promotions, to bring mobile payments capability to more users than ever before.”
Hiang Choong, Division President of Hong Kong, Macau and Taiwan, Mastercard, said, “We are excited to be part of this collaboration, introducing yet another channel for consumers to pay simply, smartly and safely, and accelerating the city’s adoption of in-store contactless payment, which benefits consumers and merchants alike. According to a recent survey** by Mastercard, mobile shopping continues to rise in popularity among consumers in Hong Kong, with more than four in 10 having made purchases via their mobile device in the three months preceding the survey. This partnership demonstrates Mastercard’s commitment to delivering innovative solutions for the rapidly evolving mobile payments space.”
Interested?
“As a global leader in information technology, Samsung has always aspired to create better and more fulfilling experiences for our users through meaningful innovations,” said Yiyin Zhao, VP and Head of Information Technology and Mobile Communication Business for Samsung Electronics HK Company. “We hope to offer our consumers a payment service that is truly safe, simple, and widely-accepted. We are also thankful for the support of Mastercard. Together, we are creating a more complete payment experience, further enhanced with promotions, to bring mobile payments capability to more users than ever before.”
Hiang Choong, Division President of Hong Kong, Macau and Taiwan, Mastercard, said, “We are excited to be part of this collaboration, introducing yet another channel for consumers to pay simply, smartly and safely, and accelerating the city’s adoption of in-store contactless payment, which benefits consumers and merchants alike. According to a recent survey** by Mastercard, mobile shopping continues to rise in popularity among consumers in Hong Kong, with more than four in 10 having made purchases via their mobile device in the three months preceding the survey. This partnership demonstrates Mastercard’s commitment to delivering innovative solutions for the rapidly evolving mobile payments space.”
Interested?
Consumers can make contactless payments using Samsung Pay via compatible Samsung mobile devices. Samsung Pay will be progressively available on the Galaxy S8+, Galaxy S8, Galaxy S7 edge, Galaxy S7, Galaxy S6 edge+ and Galaxy Note 5. More compatible Samsung devices will be coming soon.
To date, cardholders in the Asia Pacific region can also use Samsung Pay in Australia, India, Malaysia, Singapore, South Korea, and Thailand.
Read the TechTrade Asia blog post about Mastercard's research on online shopping attitudes in the Asia Pacific region
Read the TechTrade Asia blog post about Mastercard's research on online shopping attitudes in the Asia Pacific region
*Iris scanning is currently only supported on the Galaxy S8 and S8+.
**Mastercard Online Shopping Survey 2017
**Mastercard Online Shopping Survey 2017
No comments:
Post a Comment