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 a partnership announcement with National Australia Bank (NAB).
NAB customers 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.
Samsung Electronics Australia head of product and services, Mark Hodgson said, “We are 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.”
“This 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.”
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 Knox and users 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.
This story was originally published by Appliance Retailer.
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