Samsung Joins Mastercard For Payments With Wallet Express
LONDON, United Kingdom – December 6th 2023 – Samsung Electronics and Mastercard today announced their partnership on a newly launched Mastercard programme: Wallet Express. The service provides banks and card issuers with a swift and cost-effective means of expanding their digital wallet offerings.
By incorporating Wallet Express, issuers can provide their customers with Samsung Wallet. In turn, consumers have a wide range of ways to pay, including with their Galaxy wearable devices. Paying with a Galaxy Watch brings greater speed and convenience to the in-store shopping experience.
Teg Dosanjh, Vice President, Samsung Electronics Europe, commented: “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, commented: “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”.
Samsung Wallet, which launched last year, brings 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 and more, in one, easy-to-use and secure mobile application.
Consumers across the United Kingdom are increasingly using digital wallets for both in-store and online payments. Building on the success of the launch of Wallet Express, Mastercard is also launching the next two iterations for 2024 of the Wallet Express Issuer Enablement Programme for all issuers in the Europe region.
The programme aims to further simplify the process for issuers in enabling and facilitating Samsung Pay, offering consumers one of the largest digital wallet platforms in Samsung Wallet. By participating in the programme, issuers can enhance their capabilities to support Samsung Wallet, ultimately empowering consumers with full payment options.
Mastercard 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.
Find out more about Samsung Wallet at: https://www.samsung.com/uk/apps/samsung-wallet/
Find out more about Mastercard Wallet Express at: https://www.mastercard.co.uk/en-gb/business/issuers/manage-your-consumer-needs/wallet-express.html
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