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Samsung Pay to accept Visa globally

Samsung has announced a strategic partnership with Visa to help bring Samsung Pay to online merchants. Later this year, Samsung Pay users will be able to shop at oulters around the world where Visa is accepted.

As a bonus, users with fingerprint authentication-enabled Samsung devices will be able to click the Visa Checkout/Samsung Pay co-branded button and touch the fingerprint sensor and the payment will proceed instantly.

Injong Rhee, chief technology officer of the Mobile Communications Business at Samsung Electronics, said, “We are very excited to be working with Visa to offer simple, fast and secure checkout experiences to millions of Samsung Pay users on their mobile devices or desktop. Our partnership benefits not only Samsung Pay users but also hundreds of thousands of online merchants who are looking for effective ways to increase their checkout conversion rates.”

Jim McCarthy, executive vice-president, innovation and strategic partnerships, Visa, said, “The days of filling out long forms or remembering usernames to make online purchases are continuing to wind down, as options like Visa Checkout’s open platform become accessible on hundreds of thousands of merchant sites and companies like Samsung see the value in simplifying the process for both consumers and merchants.” 

Samsung Pay has had a slower adoption in Australia, being limited to American Express cards and Citibank. Samsung has signed up more than 650 banks and credit institutions in the US and also added Visa and MasterCard. Much of that work will flow on to Australia.

It is adding an enhanced wallet, more personal offers, and an expanded rewards point/loyalty system to the app. All transactions are given the same fraud protection as credit card/bank providers offer.

Samsung Pay runs on Galaxy S6 or later and Gear S2 and Gear S3 smartwatches. Every transaction is multifactor authenticated – it can use fingerprint, pin or iris scan, depending on the model. It can be used on- or off-line as it uses tokenisation – the real credit card number is never used. Samsung Knox keeps the card and wallet contents secured in a separate encrypted vault.

Samsung Pay Visa

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Ray Shaw

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Ray Shaw ray@im.com.au  has a passion for IT ever since building his first computer in 1980. He is a qualified journalist, hosted a consumer IT based radio program on ABC radio for 10 years, has developed world leading software for the events industry and is smart enough to no longer own a retail computer store!