PayTech

Samsung Pay Hits Two Million Transactions Milestone in South Africa

Growth continues unabated on Samsung Pay, the most widely accepted mobile payment solution in South Africa. Samsung Pay has seen a dramatic uptake in usage reaching the one million transactions mark in August 2019 followed shortly thereafter by the two million transactions milestone in February 2020, clearly indicating its’ growing popularity.

 The effortlessly simple and secure mobile payment solution has changed the way we pay, with the ability to activate multiple payment cards from our banking partners in one digital wallet.

Samsung Pay has partnered with the following major banking institutions including Absa, Standard Bank, FNB, RMB Private Bank, Discovery Bank, Investec and recently Nedbank.

 “Samsung Pay has redefined what consumers can expect from a digital wallet,” said Justin Hume, Director: Integrated Mobility at Samsung South Africa. “It has paved the path to mobile payments in the country by providing our customers with a safe and secure service they can use almost anywhere they shop. The impressive growth locally shows that South Africans are joining the other 26 launched countries in proving the value of this intelligent payment solution.”

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This secure and simple digital wallet instantly gives Samsung Pay supported Galaxy Phones and Wearables the functionality of bank and loyalty cards, that can be used almost anywhere you can swipe or tap a card. Samsung Knox technology build into your device constantly monitors your phone to keep your information safe. Your card information is encrypted in a separate and secure data vault at all times. Every transaction uses an encrypted digital token for added security, so your actual card number is never used during a transaction. Samsung Pay can be downloaded for free from the Google Play Store or Galaxy Store depending on your Galaxy device. Once you load your bank cards and loyalty cards, paying is always just a quick tap away. It’s convenience on the go.