Samsung Malaysia Electronics today announced a partnership with one of the country’s largest banking corporations, Maybank, to introduce Maybank customers its first mobile payment service –Samsung Pay. Simple, secure and accepted almost anywhere, Samsung Pay is the only mobile wallet that allows users to pay with their compatible Samsung smartphones at terminals that accept either NFC or MST payments, making shopping and dining more convenient than ever before.
“We are excited to be working with Maybank to accelerate the adoption of mobile payments and bring greater innovation into the marketplace, starting with Maybank’s customers. As one of the largest banks with the widest customer base in Malaysia, this partnership will offer the hundreds of thousands of Maybank customers access to one of the most convenient mobile payment systems in the world. Since we introduced the early access programme exclusively for Maybank Visa cardholders last month, Samsung Pay has been received positively and continues to gain momentum in customer adoption in the country,” said Mr. Lee Jui Siang, Vice President of Mobile and IT Business Unit, Samsung Malaysia Electronics.
Working closely with Samsung to make mobile payments widely available in the country and to deliver a truly digital wallet to Malaysian consumers, Maybank is the first bank to join the Samsung Pay ecosystem in Malaysia. Maybank is exclusively offering its customers a firsthand experience of unparalleled access, choice and flexibility when it comes to payment. More banks and merchants are expected to join Samsung’s partnership upon the official launch in the coming weeks.
Maybank Group Chief Strategy Officer, Michael Foong said that he was confident this new digital wallet would be adopted by a significant number of the Bank’s cardholders given its user friendly features and acceptability worldwide.
“As a leader in the cards and digital banking segment, Maybank has always been at the forefront in leveraging technology to provide greater convenience and secured payment experience,” he said. “As mobile technology and banking converge even more, we will work harder to create value for all our stakeholders in the future, in line with our aim to be the digital bank of choice in the region.”
More Than a Payment Service
A secure and easy-to-use mobile payment service, Samsung Pay can be used to make purchases almost anywhere that credit, debit and prepaid cards are accepted.
- Simple: To make a payment on Samsung Pay, users can simply swipe up on their eligible Galaxy smartphone, scan their fingerprint and pay.
- Secure: Samsung Pay uses three levels of security to enable secure payments – fingerprint authentication, tokenization and Samsung KNOX, Samsung’s defense-grade mobile security platform.
- Almost Anywhere: Samsung Pay is compatible with the majority of existing and new terminals, allowing users to pay almost anywhere you can swipe or tap your card.
Compatible with Samsung Galaxy S7 and S7 edge, S6 edge+, Note5, Galaxy A5 (2017 and 2016) and A7 (2017 and 2016), Samsung Pay can currently be accessed by Maybank Visa cardholders as part of an exclusive early access programme until 11th February 2017. Be one of 500 users to win RM100 cashback for every RM500 cumulatively spent via Samsung Pay – only available for Maybank customers.