Westpac joins Citi and American Express, who already offer Samsung Pay to customers in Australia, as the first Australian-owned bank to offer this function.
The ‘big four’ bank announced a partnership with Samsung Electronics Australia to provide Samsung Pay to Westpac MasterCard and Visa credit and debit cardholders.
As of yesterday, Westpac customers are able to use Samsung Pay to make fast and easy payments almost anywhere in the world.
Westpac already offers Android Pay and Westpac Tap & Pay, and now consumers can also choose to use Samsung Pay to make contactless payments with Samsung smartphones or smartwatches.
Westpac: ‘First Australian-owned bank to offer this choice’
George Frazis, Chief Executive Consumer Bank at Westpac Group said they are pleased to be the first Australian-owned bank to provide this option and give more flexibility and convenience to their customers.
“Our mobile customers want access to the best technology and in addition to the recent launch of the Westpac Keyboard, Samsung Pay is another example of a digital solution that offers our customers more flexibility, convenience, and choice,” Frazis said.
— Samsung Pay (@SamsungPay) April 11, 2017
Richard Fink, Vice President, Mobile Division at Samsung Australia said, “We know Australians use their smartphones every day to enjoy content, stay connected and organise their lives.
“Partnering with Westpac will bring the security and convenience of Samsung Pay to millions of Australians.”
To be eligible for Samsung Pay, customers must be registered for Westpac’s SMS Protect, which is a free service to safeguard mobile banking.
Every transaction will need to be authenticated by your fingerprint, an iris scan, or a 4-digit PIN number.
Source: Samsung Pay
Which Westpac cards are eligible for Samsung Pay?
|MasterCard Products||VISA Products|
Which devices are compatible with Samsung Pay?
- Galaxy S8
- Galaxy S8+
- Galaxy S7
- Galaxy S7 edge
- Galaxy S6 edge+
- Galaxy Note 5
- Galaxy A5 and A7
- Galaxy S6
- Galaxy S6 edge
Other banks to get on board with Samsung?
Westpac has managed to secure the deal with Samsung but it’s likely Samsung is looking to have another ‘big four’ bank on board to increase its market share.
Australia currently has the highest rate of people using contactless payments, and it is possible that another ‘big four’ bank could soon partner with Samsung Pay.
Along with Westpac, Samsung Pay is currently available for use with Citi and American Express cards.