RAKBANK has announced the launch of Samsung Pay mobile payment solutions to its customers in partnership with Samsung Gulf Electronics. With Samsung Pay, RAKBANK customers can make convenient, simple, and secure contactless payments using their Samsung smartphones at their favorite outlets.
The Samsung Pay solution is an innovative way where RAKBANK customers can now make a payment at retailers using their Samsung smartphones instead of swiping their cards. To begin, customers must first register their RAKBANK Credit or Debit MasterCard card details in the Samsung Pay application, which is available on all the supported Samsung devices.
To make payments using Samsung Pay, a customer needs to swipe up on the screen of their supported Samsung smartphone, select their RAKBANK MasterCard card, authenticate using a fingerprint or PIN, and tap their phone near the Point of Sale terminal. Samsung Pay is accepted almost everywhere in the UAE and abroad as the application works on both Magnetic Secure Transmission (MST) technologies as well as with Near Field Communication (NFC). This means fewer queues and less time spent making a payment.
Samsung Pay is a highly secure platform as it works with three levels of security—fingerprint authentication, card tokenization that secures the card number registered on the phone and Samsung’s defense-grade mobile security platform Samsung KNOX.
Recognizing the growth of the digital banking trends, RAKBANK CEO, Peter England, said, “Our customers want access to the best technology and, in addition to the completely revamped RAKBANK Digital banking platform, Samsung Pay is another example of a digital solution that offers our customers more flexibility, convenience and choice. At RAKBANK, we are constantly introducing new, alternate channels that can facilitate the customer’s banking experience through several different digital touch points.”
“The UAE is becoming a market where banking and mobile payments are a lifestyle that is increasingly being demanded. We are pleased to be partnering with RAKBANK to provide customers with a wide range of choices when it comes to making purchases, through Samsung Pay. We are committed to making Samsung users, lives easier and RAKBANK customers will be able to use our digital solution with more flexibility, convenience, and choice,” said Mohammad Gharaibeh, Head of Enterprise – Mobile Business, Samsung Gulf Electronics.
