Samsung has officially launched their mobile payment platform – Samsung Pay, in Malaysia. During the event, Samsung also made public of its partnership with several banking industry leaders as part of its strategic move to launch and expand its Samsung Pay ecosystem in Malaysia.
On top of Samsung’s existing collaboration with Maybank, new partner banks include CIMB, Citibank and Standard Charted, with Hong Leong Bank coming on board soon. Resulting in a large group of customers with eligible payment cards to enjoy a more seamless digital mobile payment experience.
Samsung Pay also expands its current affiliation with major payment networks, Mastercard and Visa, as well as loyalty card partners, B Infinite, Bonuslink and Sunway Pals. That makes Samsung Pay one of the most versatile digital mobile wallet in the market.
Secure and Convenient
Combined with the support of both Near Field Communication (NFC) and Magnetic Secure Transmission (MST) technology, Samsung Pay is accepted at almost 90% of all card payment terminals in the market. Even the payment process couldn’t be any simpler:
- Swipe up gesture on the supported Samsung Galaxy device*
- Authenticate with fingerprint or PIN
- Tap on card terminal to pay
On top of fingerprint/PIN authentication, the payment process is also backed by Samsung KNOX and payment tokenization technology. Each payment process is securely encrypted and none of the sensitive data is transmitted.
Samsung Pay supported devices:
- Galaxy S6 edge+
- Galaxy S7
- Galaxy S7 edge
- Galaxy Note5
- Galaxy A7 (2016)
- Galaxy A5 (2016)
- Galaxy A7 (2017)
- Galaxy A5 (2017)