Samsung Electronics and Mastercard have teamed up on Mastercard’s newly-launched Wallet Express, a service that helps banks and card issuers expand their digital wallet offerings.
By incorporating Wallet Express, issuers can provide their customers with Samsung Wallet, enabling them to pay using a variety of methods, including with their Galaxy wearable devices.
Samsung Wallet had been launched, last year, to bring together the mobile payment experience of Samsung Pay and Samsung Pass into a more comprehensive digital wallet that allows users to organise digital keys, boarding passes, identification cards in one mobile application.
Mastercard has also said it is launching the next two iterations for 2024 of the Wallet Express Issuer Enablement Programme, for all issuers in the Europe region. It comes as consumers across the UK increasingly look to use digital wallets for both in-store and online payments.
The programme aims to further simplify the process for issuers in enabling and facilitating Samsung Pay. Mastercard said it will enable a participating issuer for eligible Mastercard Digital Enablement Service (MDES) wallets launched in the respective countries without the need to raise wallet onboarding projects for the target wallets.
Teg Dosanjh, Vice President, Samsung Electronics Europe, said: “We are excited to be joining Mastercard´s Wallet Express to give consumers more flexibility to make payments almost anywhere they need to. Millions of people already choose Samsung Wallet, and this partnership will give more people the opportunity to use the safe and secure Samsung Pay service on their Galaxy device.”
Valerie Nowak, Executive Vice President, Product & Innovation, Mastercard Europe added: “We´re proud that Samsung are joining our Wallet Express programme, which provides consumers with a broad range of choice. It seamlessly integrates Samsung Wallet into their banking experience, allowing flexibility to decide how consumers make payments using their favorite Galaxy mobile and wearable devices.”
