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· Secure and fast mobile payment service to enable contactless purchases at POS terminals via Samsung devices
· Select customers at bank to participate in beta testing phase
Dubai - Emirates NBD, a leading bank in the region, today announced its partnership with Samsung to provide early access to Samsung Pay, for the bank’s customers. Samsung Pay is a secure, fast and convenient mobile payment service that can be used to make contactless purchases with select Samsung devices* almost everywhere a card is accepted. The launch of Samsung Pay early access will enable Emirates NBD customers to register their cards into Samsung Pay and make payments with Samsung eligible devices*.
Ahead of Samsung Pay’s official launch, a select group of customers have been invited to participate in the beta testing, and will be among the first Emirates NBD customers to experience Samsung Pay in the UAE, through enrolling their Debit or Credit cards across Visa and MasterCard.
Commenting on the launch, R. Sivaram, Executive Vice President – Head of Retail Banking Products, Emirates NBD, said: “Providing sustained excellence in customer experience is the highest priority for Emirates NBD, and we continue to leverage digitization and innovation to make banking easier for our customers. We are delighted to work with Samsung to offer our credit and debit card customers a faster and easier way of making payments using Samsung Pay. Our partnership with Samsung Pay also effectively builds on the successful launch of Emirates NBD Pay last year, to provide yet another exciting digital payments solution for our customers.”
Commenting on the announcement Mohammad Gharaibeh, Head of IT and Mobile (B2B) division at Samsung Gulf Electronics said: “Samsung Pay is set to revolutionize the shopping experience for Middle East consumers by offering them an easy and convenient method of making purchases and payments securely through their smartphone. Partnering with leading bank, Emirates NBD enables us to further amplify our service in the region and further expand the digital payment landscape for their customers.”
Samsung Pay is very secure as it uses digital tokens in place of the actual card number to prevent fraud. It is easy to use, and the payment is completed with just a swipe up of the home screen, authentication using fingerprint or PIN number, and placing the phone over the terminal.
Unlike other mobile payment systems, that rely on contactless terminal infrastructure, Samsung Pay works on both NFC (Near Field Communication) and MST (Magnetic Secure Transmission) terminals, which make it easy to use at any store where cards are accepted. It is currently supported on select Samsung devices such as Galaxy S6 edge+, Galaxy S7, Galaxy S7 edge, Galaxy Note 5, Galaxy A5 ,Galaxy A7 (2016), Galaxy A3, Galaxy A5 and Galaxy A7 (2017) as well as the Galaxy S8.
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*Eligible devices for Samsung pay are: Galaxy S6 edge+, Galaxy S7, Galaxy S7 edge, Galaxy Note 5, Galaxy A5 ,Galaxy A7 (2016), Galaxy A3, Galaxy A5 and Galaxy A7 (2017) as well as the Galaxy S8.
About Emirates NBD:
Emirates NBD is a leading banking Group in the region. As at 31st December 2016, total assets were AED 448 Billion, (equivalent to approx. USD 122 Billion). The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 per cent of all financial transactions and requests conducted outside of its branches. The bank currently has 219 branches and 1012 ATMs and CDMs in the UAE and overseas and a large social media following, being the only bank in the Middle East ranked among the top 20 in the ‘Power 100 Social Media Rankings’, compiled by The Financial Brand. It is a major player in the UAE corporate and retail banking arena and has strong Islamic Banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.
The Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the United Kingdom and representative offices in India, China and Indonesia.
The Group is an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial literacy and advocacy for inclusion of People with Disabilities under its #TogetherLimitless platform.
For more information, please visit: www.emiratesnbd.com
For further information on Emirates NBD, please contact:
Ibrahim Sowaidan
Senior Vice President
Head - Group Corporate Affairs
Emirates NBD
Telephone: +971 4 609 4113 / +971 50 6538937
e-mail: ibrahims@emiratesnbd.com
Tricia Kaul | Shaleen Sukthankar
ASDA’A Burson-Marsteller; Dubai, UAE
Tel: 971-4-4507600; Fax: 971-4-4358040
Email: tricia.kaul@bm.com | shaleen.sukthankar@bm.com
© Press Release 2017
