Samsung Pay goes live

  • TECH
  • Friday, 24 Feb 2017

Tap and pay: Purchases can be made with just a simple tap on NFC and MST payment terminals. — Samsung

Some shoppers may want to leave their credit cards at home, as Samsung Pay is now available. 

The mobile payment system comes in the form of a mobile app, where users of selected Samsung Galaxy smartphones can store payment cards digitally and make purchases with their phones at retail stores. 

Up to 10 payment cards (credit, debit, prepaid) can be securely stored digitally in the phone.

To make a payment, one has to simply swipe up to choose the relevant payment card and authenticate the payment using the user’s registered fingerprint or PIN number. 

Finally, a simple tap on the NFC (near field communications) or MST (magnetic secure transmission) enabled contactless payment terminal will complete the process.

The service was made available to selected Maybank card users since December under the company's open beta testing programme.

Presently, Samsung Pay supports payment cards from Maybank, Citibank, Standard Chartered and CIMB.

The supported payment cards from Maybank, Citibank, Standard Chartered and CIMB.

It plans to include Hong Leong card users soon. Users can expect more major banks to come on board, moving forward.

“We are pleased to bring Samsung Pay to Malaysia – a country which is embarking on an ambitious and exciting path towards a cashless society,” said Thomas Ko, vice president and global GM of Samsung Pay at Samsung Electronics.

“More and more, consumers are not just looking for a payment service, but an upgrade to their wallets to create a truly digital experience for everyday transactions and activities.” said Ko.

Samsung Pay currently supports selected Galaxy smartphones namely the S7 Edge, S7, S6 Edge+, Note 5, Galaxy A5 and A7 (2016 and 2017).

According to Samsung, users can use Samsung Pay almost everywhere as over 90% of merchants nationwide support the payment system, ranging from food and beverage outlets, fashion, lifestyle retailers, supermarkets to department stores.

The launch in Malaysia follows its recent introduction in other Asia Pacific countries namely Thailand, Singapore and Australia.

Besides payment cards, users can also store their loyalty cards such as B Infinite, Bonuslink, and Sunway Pals in the digital wallet.

For more information, visit Samsung Pay.

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