Visa, Samsung set to launch m-payments on new Samsung Galaxy S6


March 2, 2015 | By RetailME Bureau

Visa Inc. is all set to support mobile payments (m-payments) made using the new Samsung Galaxy S6. Eligible consumers in the US will be able to make secure Visa payments with Samsung Pay, Samsung’s new payment service scheduled to launch this summer.

Samsung Pay is supported by Visa Token Service technology designed to enable secure payments with a broad range of connected devices. This new innovative technology from Visa replaces sensitive payment account information found on plastic cards, such as the 16-digit account number, expiration date and security code, with a unique series of numbers that can authorise payment without exposing actual account details – helping to make m-payments safer for everyone, everywhere.

“Working in partnership with Samsung, we are able to bring secure mobile payments to millions of consumers around the world,” says Ryan McInerney, global president, Visa Inc. “Combining Visa’s expertise in payment technology with Samsung’s global leadership in creating innovative mobile experiences, gives more choice to financial institutions who want to enable their customers to pay with the new generation of mobile devices.”

To make Visa purchases in-store with Samsung Pay users will simply have to select their preferred Visa account and hold the device near a payment terminal. The new Samsung Galaxy S6 is equipped with both Near Field Communication (NFC) and Magnetic Secure Transmission (MST) technology that enable the device to wirelessly transmit payment information to either a contactless or traditional stripe merchant terminal.

“Samsung has been committed to innovation across our devices and services. With the launch of the new Galaxy S6 we are also introducing an innovative payment service that will allow consumers to make in-store purchase at most of their favourite merchants. The partnership with Visa played an important role in the creation of a global contactless mobile payment service,” adds Injong Rhee, executive vice president at Samsung Electronics.  “We believe that we have a strong value proposition for financial institutions and merchants that will ultimately allow consumer choice in contactless payments.”

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau




Download Images RetailME Magazine