Samsung’s contactless digital payment solution will soon add Investec, and the upcoming Discovery bank, to its lineup of banking options. You know what that means? Samsung-bearing humans in South Africa will have a whole range of options to choose from.
The service already plays host to Absa and Standard Bank contactless payment options, and has more recently become available for First National Bank (FNB) and RMB Private Bank customers. We knew the service was planned to bring support for five more banks to its lineup this year, and now we’ve seen it add three.
“We’re excited to offer this innovative technology to more South Africans and are confident that the nation will continue to embrace the convenience of Samsung Pay with great enthusiasm. As a human centred company, Samsung is pleased to introduce a product that defies barriers and makes everyday tasks like the grocery run, so much easier,” says Justin Hume, Director of Integrated Mobility at Samsung South Africa.
It’s pretty obvious that Samsung Pay wants to replace your wallet. According to Samsung, this system is very secure, as the company uses its own Knox security system and tokenisation. When a card is loaded onto the Samsung Pay system, it’s given a digital ‘token’ that differs from the number on the card. With each transaction, the card number is tokenised to keep the real card info secure. With this method, cards cannot be cloned, and no information belonging to the owner is at risk.
Samsung Pay is available on the Galaxy S10-range, S9-range, S8-range, as well as the newer A-series phones (A8, A7 and A5) and its range of wearables.