Home » Mobile and Emerging Payments » Samsung Pay Launches in Australia, Promising Gifts
Print view|Purchase Reprint
06.15.16

Samsung Pay Launches in Australia, Promising Gifts

australia_roadsign_shutterstockSamsung Pay has launched in Australia, enabling mobile payments for consumers, but the hardware maker wants its mobile wallet to encompass much more, including gift cards, loyalty and transit.

Available for consumers with Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+, Galaxy Note 5, Galaxy S7 and Galaxy S7 edge smartphones, Samsung Pay will work at participating retailers for consumers with American Express and Citibank cards.

The launch comes a day before Samsung Pay’s scheduled debut in Singapore, where Visa, MasterCard and American Express cardholders will be able to use it. The mobile wallet is already available in the U.S., South Korea, China and Spain.

“In the first six months of launching in Korea and the U.S., Samsung Pay has surpassed more than 5 million registered users and today has processed more than $1 billion of transactions in South Korea alone,” said Elle Kim, global vice president, Samsung Pay, mobile communications business. “This success indicates a tremendous opportunity in Australia, a market where contactless payments are already in strong demand.” As of 2015, Australia was the largest contactless market with NFC payments accounting for 60 to 70 percent of transactions.

Samsung also envisions consumers around the world using its mobile wallet for everything. “The MST technology enables Samsung Pay to support partners that use a traditional magnetic stripe, commonly found on loyalty cards, gift cards and transit cards, both in Australia and across the globe,” Kim said. “It’s our goal to one day replace wallets, by making every card accessible on Samsung smartphones.”

Already in the U.S., Samsung Pay users are able to manage and spend gift cards from Blackhawk Network’s partners through the mobile wallet.

Related stories:

Image Credits: Shutterstock/Petr Kratochvila

Comment

Your email address will not be published. Required fields are marked *

By clicking below, I acknowledge that my contact information will be shared with the companies whose files I am accessing on Pay Connect so they can contact me directly about their products or services. Please refer to their privacy policies for details on how your information will be used. Paybefore uses cookies to store this data so you will not need to re-enter it.

To sign up for Paybefore e-newsletters and announcements, click here.  http://paybefore.com/enewsletter-subscriptions/

  • This field is for validation purposes and should be left unchanged.
X