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CAPE TOWN – Absa announced that it will work with Samsung South Africa, to soon offer its customers early access to Samsung Pay before this service is marketed in South Africa.
What is Samsung Pay?
Samsung Pay is Samsung Electronics' mobile payment and digital wallet service that allows users to make payments using compatible phones and other devices produced by Samsung.
How it works:
1. Store your credit card details in the app on a Samsung device,
2. Pay merchants by typing or "slipping" your smartphone rather than a physical bank card.
The application allows you to make payments via Magnetic Secure Transmission, which mimics the magnetic stripe on the back of your card.
It can also use NFC technology in contactless cards for payments 'tap and go'
"Advance access will be open to all Absa customers in South Africa and will be available on the Samsung Galaxy S9 / S9 +, Note 8, S8, S8 +, S7, S7 Edge and A8, "said Absa in a statement.
He added that support for the Samsung A5 / A7 (2017 edition) will arrive at a later date.
Absa said that selected customers will be invited to join the advance access program in the coming days. At a report by My Broadband, the bank warned that she would never contact them directly via sms or phishing emails to sign up for Samsung Pay using hypertext links and attachments provided in the sms or by email.
is live in the Google Play Store in South Africa and Standard Bank will also be a local launch partner.
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– BUSINESS REPORT ONLINE
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