Samsung Pay has been with us for over a year now, expanding to three more markets. So this is a great opportunity to celebrate the arrival of the payment method. Samsung Electronics Co. Ltd. announced a few hours ago that the Samsung Pay payment method will be expanded to three more markets, including Malaysia, Russia and Thailand. According to our information, the service could expand to another 2016 countries by the end of 10.
Among other things, the Korean company boasted a global partnership with MasterCard, which will offer users simplified online payments and an express checkout solution through the digital payment service Masterpass, starting early next year. Currently, hundreds of thousands of merchants in 33 countries can accept online payments with Masterpass.
Thomas Ko, Vice President and Global GM, Samsung Pay, Mobile Communications Business of Samsung Electronics said:
When we launched online payments in South Korea, the service received very positive results. Online payments accounted for more than 25 percent of the 2 billion transactions successfully processed. These show us that consumers can actively seek solutions that make their online experience faster, easier and safer.
By partnering with Masterpass in the United States and unlocking online payments around the world, we'll make life easier for users by eliminating tedious online checkout forms, remembering long passwords, and more.
Garry Lyons, Chief Innovation Officer at Mastercard, says:
Mastercard is trying to make every one of our accounts like digital because that's what makes people pay.
Samsung Pay will provide consumers with a seamless online payment platform with many benefits:
- Express checkout: skipping the long and tedious filling of online forms. Thanks to information from Master Debit Cardscard or credit cards, users can use Samsung Pay to complete an online transaction.
- Purchase from any device: Customers can make online purchases from a computer, tablet or smartphone.
- Secure Transactions: Safety is our top priority. The entire online transaction will be specially encrypted - so you won't find any here informace o debit or credit cards. Users can verify their transactions using security methods - fingerprint reader.
*Source: News.Samsung
