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Samsung Pay in Malaysia, exclusive for Maybank cardholders

Samsung Malaysia Electronics and Maybank have jointly announced the introduction of Samsung Pay in Malaysia beginning with an open beta service, exclusively for Maybank cardholders.

samsung-pay-maybank

Said to be secure and easy to use, Samsung Pay is a widely accepted contactless mobile payment service that can be used to make purchases almost anywhere that accepts debit, credit and prepaid cards. The service allow users to make payment with their smartphone. It uses proprietary Magnetic Secure Transmission (MST) and Near Field Communication (NFC) to make contactless mobile payments. 

According to Samsung Malaysia, the Samsung Pay service is:

  • Simple: To make a payment on Samsung Pay, users can simply swipe up on their eligible Galaxy smartphone, scan their fingerprint and pay.
  • Secure: Samsung Pay uses three levels of security to enable secure payments – fingerprint authentication, tokenization and Samsung KNOX, Samsung’s defense-grade mobile security platform.
  • Almost Anywhere: Samsung Pay is compatible with the majority of existing and new terminals, allowing users to pay almost anywhere you can swipe or tap your card.

The Samsung Pay open beta service will be available to users with Maybank Visa debit, credit or prepaid cards and will be compatible with selected Samsung smartphones including Samsung Galaxy S7 and S7 edge, S6 edge+, Note5, Galaxy A5 (2016) and A7 (2016).

Maybank cardholders will enjoy exclusive access to Samsung Pay during the three-week open beta test from December 9 – 31, 2016.

“We are excited to offer a preview of Samsung Pay to Maybank customers in Malaysia ahead of its nationwide launch,” said Mr. Lee Jui Siang, Vice President of Mobile and IT Business Unit, Samsung Malaysia Electronics. “We have seen strong consumer interest and readiness to adopt mobile payments in Malaysia and with Samsung Pay’s security, ease of use and wide availability, we are confident the service provides a truly seamless mobile payment experience that can make users’ everyday lives more convenient.”

Maybank Group Chief Strategy Officer, Michael Foong, said the opportunity for Maybank cardholders to enjoy this exclusive experience during the beta test period is yet another reflection of the value the bank offers its customers. “As a leader in the cards and digital banking business, we have always been at the forefront of leveraging technology to ensure that our customers enjoy greater convenience and efficiency when undertaking cashless payments. As mobile telecommunications and banking converges even more, Maybank will continue to develop innovative solutions for its customers in line with its objective of becoming a digital bank of choice in the region,” said Foong.

More details on the Samsung Malaysia website.

About Kugan

Kugan is the founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy