Samsung Pay has become the first smartphone mobile wallet provider in Australia to be made available to customers of the ‘Big Four’ banks in Australia, following today’s partnership announcement with NAB.
NAB’s customers - along with those of the three other ‘Big Four’ banks and over 45 financial institutions now have access to Samsung Pay and can load their Visa credit and debit cards to make payments via compatible Samsung smartphone devices and wearable products.
“We’re thrilled to be able to 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 NAS will help further enhance our mobile experience for Australians and look forward to evolving the portfolio further over the coming year,” added Mr Hodgson.
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.
“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 expeirence. We know our customers increasingly want to be able to pay for their purchased quickly and conveniently, and Samsung Pay is a safe and secure digital wallet that they can now use.”
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 a pre-payment authentication via PIN, iris or fingerprint. The Samsung Pay app is housed on Samsung’s security platform Knox, 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 Mobile website to easily lock their mobile phone device and prevent access to Samsung Pay if their device is misplaced.