Tech

Samsung Pay will now include eftpos as a payment option

Samsung Australia and eftpos have partnered to allow contactless payments via Samsung Pay over the eftpos network, offering another payment option when users are using their digital wallet.

As a result, Samsung Pay users can choose to pay with a debit card using eftpos or VISA credit card when making mobile payments.

Today, more than 50 million eftpos-enabled cards are used for payment

Heritage Bank will be the first to offer eftpos on Samsung Pay and will follow more financial institutions in the coming months.

Peter Locke, CEO of Heritage Bank, said:

“As Australia’s largest customer-owned bank, we always aim to provide our customers with a great banking experience.

“First issuing eftpos in Australia-Samsung Pay solution is a great milestone, further strengthening Heritage’s expertise as one of Australia’s most technologically innovative banks.”

Eftpos’ payment capabilities are built into all Australian debit cards and transactions are processed in real time.

Customers can also withdraw cash from selected merchants. This is a benefit that is also available on Samsung Pay.

“Samsung puts the customer experience at the heart of everything, and through our partnership with eftpos, we provide our Australian customers with the choice and management of contactless payment transactions,” said Samsung Australia’s Head of Services. One Mark Hodgson said.

“We are proud to launch with eftpos and Heritage Bank. This collaboration is a good example of how service providers can bring together the best innovations and deliver breakthrough experiences to Australians.”

Stephen Benton, CEO of eftpos, said:

“This means that you only have to bring your cell phone with you when you go shopping. You don’t have to carry an additional card to access your cash if you want.

“Eftpos cardholders are adopting Samsung Pay for their daily payments, as they have already experienced an average monthly growth of 20% across eftpos mobile transactions.

“Australian people have become more fond of contactless payments in addition to the launch of Samsung Pay for eftpos cardholders during the COVID-19 pandemic. This trend is unlikely to slow down anytime soon. . “

Samsung Pay will now include eftpos as a payment option

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