Samsung Gulf Electronics has announced an early access phase for Samsung Pay in the UAE. The brand is working with a variety of local banks such as Emirates NBD, RAK Bank, Standard Chartered, National Bank of Abu Dhabi and Mashreq. It is in an initial testing phase with these financial institutions and interested users can register here.
Samsung Pay is a contactless payment system that works similar to Beam. It uses NFC technology to process payments with terminals that support the technology. Don’t worry about waiting long for merchants to adopt a new system. Samsung Pay will be accepted wherever you can swipe or tap your credit card in the UAE. Worried about security? Samsung takes it seriously with the Samsung KNOX system that continuously monitors any vulnerabilities and keeps information encrypted in a secure data vault. It also uses tokenisation for each transaction, where a random token is assigned instead of your card number to keep it safe.
Samsung Pay works on the South Korean brand’s latest high-end phones. It also works with the Gear S2 and S3. Just add in your credit card details through the app and if the store accepts Samsung Pay, you’ll be able to pay using your phone or smartwatch. To use it, a user needs to swipe up from the lock screen, authenticate using fingerprint or passcode and tap the phone on the terminal to pay.
Samsung Pay debuted in the electronic giant’s native South Korea before making its way to the US early last year. Since then it’s gradually rolled out around the world and now finally making its way to our sandy shores. We don’t have the exact date of its launch in the UAE but expect it soon. The use of mobile payments has become a standard across the world and we’re excited for this mode of payment to become the norm in the UAE as well.