Samsung Pay, the Korean company’s mobile payment solution, is slowly making its way to mobile markets across the globe.
Recently, the company launched Samsung Pay in United Arab Emirates in collaboration with Mashreq Bank, making it the first financial institution in the region to offer access to the mobile payment service.
“We thank Mashreq for its endorsement of our solution as the first Bank in the region to have early access to Samsung Pay as we expand the reach of Samsung Pay globally and realize its full potential for the consumer,” said Mohammad Gharaibeh, Head of B2B, IT and Mobile (IM) Division, Samsung Gulf Electronics.
Mashreq Bank’s credit and debit car holders can use the service to pay at any merchant across the country where they can pay by card. Samsung Pay supports both Near Field Communication and Magnetic Secure Transmission technologies so it works with conventional card readers present at retailers.
Customers using Galaxy S7, Note 5, S6 series, Galaxy A5 (2016) and Galaxy A7 (2017) will be able to use the service.
Source: SamMobile
Filed Under: Technology News