(20 February 2018 – Australia) Commonwealth Bank of Australia (CBA) has launched access to phone manufacturer, Samsung’s contactless payments platform, Samsung Pay for its retail customers.
The bank’s MasterCard card holders can load their credit and debit card details and make secure payments via compatible Samsung phones, wearables and other devices.
Michael Baumann, General Manager Everyday Banking & Payments, Commonwealth Bank said “With more than $6 billion of transactions across the CommBank app each week we know that our customers love using their phones to make payments. Since 2013 our customers have been able to use their smartphones to make payments. By offering customers the ability to pay with Samsung Pay we are combining choice and convenience.”
Garry McGregor, Director of IT and Mobile, Samsung Electronics Australia added, “We’re thrilled to partner with Commonwealth Bank on Samsung Pay as this strengthens our shared commitment, that’s existed since 2013 with CBA’s Tap & Pay on the Galaxy S4, to develop easy-to-use, secure and ‘smart’ mobile wallet options for Australians.”
The partnership with Samsung follows those with Google, adding Android Pay, and Fitbit and Garmin’s new payment-enabled smartwatches.
However, CBA, along with National Australia Bank and Westpac have yet to come to an agreement with Apple to offer Apple Pay to their customers.