Samsung Pay Continues its Global Expansion with Launch in Australia

Samsung Pay Continues its Global Expansion with Launch in Australia
15.06.2016 01:15 pm

Samsung Pay Continues its Global Expansion with Launch in Australia

Payments

Samsung Electronics Australia today launched the company’s mobile payment service, Samsung Pay, bringing Australian consumers and businesses a secure, fast, and simple way to pay. The mobile payment service works almost anywhere1 you can pay with a participating credit or debit card.

Samsung Pay will be available starting today on compatible Samsung smartphones including the Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+, Galaxy Note 5, Galaxy S7 and Galaxy S7 edge, with specific availability varying by local operator2.

“Today’s launch of Samsung Pay offers more than a secure and convenient way for Samsung smartphone owners to pay,” said Prasad Gokhale, Vice President, Mobile Division, Samsung Australia. “It’s the next development for Australians who use their smartphone as the central device to live, organise and enjoy their lives.

“Australia is a market of early technology adopters and by providing a platform open to all partners, ranging from government to financial institutions and retailers, while upholding the highest standards of security and data privacy, Samsung is fueling the transition to a truly digital wallet.”

The arrival of Samsung Pay in Australia follows successful launches in South Korea, the United States, China and Spain.

“In the first six months of launching in Korea and the U.S., Samsung Pay has surpassed more than 5 million registered users and today has processed more than US$1billion of transactions in South Korea alone,” said Elle Kim, Global Vice President, Samsung Pay, Mobile Communications Business. “This success indicates a tremendous opportunity in Australia, a market where contactless payments are already in strong demand.”

Strong Partnerships to Benefit Consumers and Businesses

At launch, Samsung Pay partners in Australia will be American Express and Citibank.

Citibank credit card cardholders as well as American Express Issued Card Members will be able to use Samsung Pay, with a compatible Samsung smartphone, at participating retailers.

Vice President Payment Consulting Group, American Express JAPA, Nick Alexander, said: “Samsung Pay provides our American Express Issued Card Members another way to pay using the latest in smartphone payment technology, and speeds up the payment process for merchants. American Express is not only striving to be where our customers are, but are also looking for more ways to integrate rewards and loyalty into the payment experience, so that when our customers use their phones to pay, they are earning rewards as well.”

Citi Global Consumer Bank, Australia, Managing Director of Cards and Consumer Lending, Alan Machet said: “The strong partnership between Citibank and Samsung Pay will see both parties collaborate to bring services to our globally-minded customers. Citi credit card customers can now simply and securely use Samsung mobile phones to tap and pay for purchases in Australia and overseas.”

“Samsung Pay is strategically expanding its partnership ecosystem to provide greater flexibility, access and choice for our customers,” said Kim.

“Samsung Pay adopts an open engagement model, designed to support payment and non-payment cards from multiple providers. By doing this, Samsung can operate seamlessly with a wide range of partners, systems and payment channels,” Kim added.

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