Samsung Pay Expands in the UAE with New Bank Partnerships
Samsung customers can now enjoy enhanced access to instant cashless transactions, making life easier
UAE, 20th January 2020: Samsung is further enhancing UAE customers’ mobile payment experience by collaborating with First Abu Dhabi Bank (FAB) and Abu Dhabi Islamic Bank (ADIB) to enable access to Samsung Pay, the leading digital payment and digital wallet solution. The two new issuer partnerships extend Samsung Pay’s partnership ecosystem to offer greater flexibility, access, and choice for customers, while also accelerating mobile payment adoption.
As part of the agreement, all FAB’s Mastercard and Visa Credit, Debit and Prepaid cards FAB’s Mastercard and Visa Credit, Debit and Prepaid cards as well as ADIB Visa covered cards are now live on Samsung Pay. Samsung Pay is a simple and intuitive mobile payment service, which ensures swift and secure transactions for customers who can just swipe or tap their credit or debit cards to make purchases almost anywhere.
“Our partnership with FAB and ADIB as a payment enabler is an integral part of the digital solution Samsung Pay offers in the tech-forward UAE market and an additional guarantee of the quality of service that our customers are accustomed to and expect from us,” said Mohammad Gharaibeh, Head of Enterprise, Mobile Business at Samsung Gulf Electronics], at Samsung Gulf Electronics. “We are confident that the Samsung Pay service will further drive growth and increase the use of digital card applications within these financial institutions and ensure that its user experience is hassle-free from start to finish.”
Samsung Pay works with Samsung’s patented Magnetic Secure Transmission (MST) technology as well as with Near Field Communication (NFC). MST replicates a card swipe by wirelessly transmitting magnetic waves from the supported Samsung device to a standard card reader. Through MST, Samsung Pay will work seamlessly on most point of sale terminals in the UAE. The UAE was the first country in the Middle East to introduce the service and the 14th in the world, following successful launches in the United States, Korea, Russia and more.
“FAB is focused on providing cutting-edge digital financial solutions to customers, and our partnership with Samsung is a significant part of our efforts to create a cashless future in the UAE. We are delighted to be partners in the innovative Samsung Pay service – a solution that offers unparalleled choice, flexibility, and security to customers, and a valuable addition to the payments market in the country,” said Danielle Murrie, SVP and Head of Retail Products, FAB.
“An increasing number of customers want the freedom to buy when, where and how they please — at merchants they trust and with the least amount of friction. We are delighted to partner with Samsung Pay to offer enhanced digital financial services for everyday life – in order to address growing consumer demand for a seamless checkout experience,” said Philip King, Global Head of Retail at ADIB.
In the UAE, Samsung Pay has created a new way to engage customers by offering them a new, secure way to make payments while also helping consumers keep track of their spending.
About Samsung Pay
Samsung Pay, a mobile payment service from Samsung Electronics, is simple, safe and works almost anywhere you can swipe or tap your card. Combining NFC (Near Field Communication) with Samsung’s proprietary MST (Magnetic Secure Transmission) technologies, Samsung Pay provides consumers a way to pay almost anywhere you can swipe or tap a card at millions of merchant locations. Samsung continues to strategically expand its partnership ecosystem for Samsung Pay to provide greater flexibility, access and choice for customers while enabling an easy and safe payment experience. Samsung Pay is compatible with select cards and Samsung devices, and leading wireless providers. Visit www.samsung.com/ae/samsung-pay to learn more.
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI and LED solutions. For the latest news, please visit Samsung Newsroom at http://news.samsung.com.