Samsung Pay launches with NAB

Mar 26. 2018
Samsung Pay launches with NAB

First smartphone wallet provider to launch with the ‘Big Four’ banks in Australia

Samsung Pay now available to NAB customers on compatible Galaxy devices and wearables.¹

Samsung Pay has become the first smartphone mobile wallet provider in Australia² to be made available to customers of the ‘Big Four’ banks in Australia, following today’s partnership announcement with National Australia Bank (NAB).

NAB’s customers - along with those of the three other ‘Big Four’ banks³  and over 45 financial institutions in Australia - now have access to Samsung Pay and can load their Visa credit and / or debit cards to make payments via compatible Samsung smartphone devices and wearable products.

This announcement demonstrates Samsung’s pledge to making mobile wallets a convenient part of everyday life for millions of Australians. Today’s announcement positions Samsung as a leading player in the mobile payments landscape.

The service not only provides users with a simple and secure way to pay, but also allows users to load their loyalty cards to capture reward points at the point of sale, which lessens their reliance on a physical wallet.

“We’re thrilled to be able provide the Samsung Pay experience to even more Australians. Our partnership with NAB builds on our commitment to providing a simple and secure digital wallet experience to every Australian using a Samsung smartphone or wearable” said Mark Hodgson, Head of Product and Services at Samsung Electronics Australia.

“Today’s announcement also represents an important milestone as we are now able to provide Samsung Pay to all major banking customers across the nation. We believe that our collaboration with partners like NAB will help further enhance our mobile experience for Australians and look forward evolving the portfolio further over the upcoming year.”

The announcement comes after the recent launch of the Galaxy S9 and S9+ smartphones which have received positive reviews from many technology experts and customers alike. In Australia, pre-sales results for the S9 and S9+ have broken previous records for Samsung in this market.

“NAB is giving customers more choice when it comes to digital wallets,” said Angus Gilfillan, NAB Executive General Manager of Consumer Lending.

“In addition to our own mobile banking app and NAB Pay, we are continuing to invest in giving our customers the best digital payments experience. We know our customers increasingly want to be able to pay for their purchases quickly and conveniently, and Samsung Pay is a safe and secure digital wallet that they can now use,” Mr Gilfillan said.

Samsung Pay offers multiple security features; a tokenised card number for the user, which means no sensitive payment card information is stored on the device, and it also requires pre-payment authentication via PIN, iris or fingerprint. The Samsung Pay app is housed on Samsung’s security platform Knox⁴ , which has undergone a series of rigorous security procedures making Samsung Pay a secure and trusted payment platform. Additionally, users also receive remote access to the Find My Mobile⁵ website to easily lock their mobile phone device and prevent access to Samsung Pay if their device is misplaced.

Samsung Pay first launched in Australia in June 2016 and to date, has partnered with hundreds of banks worldwide, processing millions of transactions via the Samsung Pay payments platform.

Read more about the Samsung Pay, at http://www.samsung.com/au/apps/samsungpay/ and about NAB Pay at https://www.nab.com.au/sites/personal/banking/tap-and-pay.

 

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 with Samsung’s proprietary MST technologies, Samsung Pay provides consumers with 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 http://www.samsung.com/au/apps/samsungpay/ 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, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com.