Samsung recently announced that they were launching Samsung Pay in Australia and now the company has revealed that it has teamed up with Citi to expand into the Asia pacific region.
Samsung Electronics and Citi today announced they are extending their global partnership to deliver Samsung Pay within the Asia Pacific region, specifically in Singapore and Australia. Simple, safe and available almost anywhere you can swipe or tap a card, Samsung Pay enables consumers to use their eligible Samsung devices to make every day in-store purchases at payment terminals using NFC or its proprietary technology, MST (Magnetic Secure Transmission)*.
Australia and Singapore Credit Cardmembers of Citibank, Citi’s global consumer banking business, will have the option to make payments across Australia and Singapore using their compatible Samsung mobile phones. The partnership marks a new addition to Samsung Pay’s extensive portfolio of major payment networks and banks, to provide greater flexibility, access and choice for customers in Australia and Singapore. Additional markets will be added to the network in the coming months. Citi Korea launched Samsung Pay in August 2015 and the service was launched by Citi in the U.S. in November 2015.
You can find out more details about Samsung’s plans to expand their mobile payment system over at their website at the link below.