Samsung Pay to expand to Malaysia, Thailand

Samsung Electronics has confirmed Samsung Pay Thailand will make its debut before the end of this year.

Thailand, Malaysia and Russia are three of 10 new markets where the payment technology will be introduced.

Samsung Pay has also announced a global partnership with MasterCard to offer a simplified online payment and express checkout solution through its digital payment service Masterpass, starting early next year. Hundreds of thousands of merchants in 33 countries currently accept Masterpass for online payments.

“When we introduced online payments in South Korea last year, the service was well received by the market.

Online payments accounted for more than 25 per cent of the 2 trillion won in processed transactions, demonstrating that consumers may be actively looking for solutions to make their online experiences faster, simpler and secure,” said Thomas Ko, VP and Global GM, Samsung Pay, Mobile Communications Business at Samsung Electronics.

Samsung Pay will provide consumers with a seamless online payment platform with benefits including:

• Express Checkout: Skip the process of filling out long online forms. With the express checkout solution, customers will be able use their Mastercard debit or credit cards along with the shipping information saved on their Samsung Pay account to quickly complete online transactions.

• Make Purchases from Any Device: Customers can make online purchases from a computer, tablet or smartphone while shopping on their favorite sites or apps.

• Secure Transactions: Security remains our top priority. When making online payments, a unique token is used in an encrypted form – not the actual debit or credit card number. Users can authenticate transactions using secure methods including a fingerprint scanner, which is built into Samsung’s mobile devices.