Australia: NAB rolls out Samsung Pay with Google Pay to come

Samsung Pay is now available to NAB customers, making Samsung Pay the first major mobile wallet to partner with all of Australia’s Big Four Banks.

NAB’s Executive General Manager of Consumer Lending, Angus Gilfillan, stated that in addition to NAB Pay, the addition of Samsung Pay will offer customers more choice noting that, “customers increasingly want to be able to pay for their purchased quickly and conveniently, and Samsung Pay is a safe and secure digital wallet that they can now use”.

RFi Group data shows that the proportion of Apple Pay, Android Pay and Samsung Pay users amongst eligible mobile device owners has been increasing since 2016, up to 4% in March 2018.

"RFi Group data shows that the proportion of Apple Pay, Android Pay and Samsung Pay users amongst eligible mobile device owners has been increasing since 2016, up to 4% in March 2018."

Samsung Pay does not store card information, and instead uses a random tokenized security number for every transaction.

Samsung Pay accounts can also be remotely locked online, and purchases are protected by both Samsung Knox technology and standard fraud protection that comes with credit/debit cards.

NAB also announced that a partnership with Google Pay (formerly Android Pay) will be coming soon.

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