Samsung Pay Continues Global Expansion with Launch in Italy

- The world's most widely accepted mobile payment service now available in 21 markets

By Yun Sang-ho

crow@ddaily.co.kr

[Digital Daily]

Seoul, Korea, March 23, 2018- Samsung Electronics Co., Ltd. announced today that Samsung Pay is now available in Italy, marking its ongoing commitment to bringing payment innovation to users around the globe. With the addition of Italy, Samsung Pay now enables users in 21 markets to benefit from simple and secure payments almost anywhere.

Samsung's commitment to transforming the mobile industry was recognized at the annual Global Mobile Awards (GLOMO Awards) during Mobile World Congress 2018, which awarded Samsung Pay 'Best Mobile Innovation for Payment'. The service was praised not only for being innovative, but also for bringing consumers the world's first integrated rewards program; each time users purchase with Samsung Pay, they can earn points to be exchanged for a variety of prizes.

'We strive to deliver the best experiences to our customers. The rapid growth of Samsung Pay has been made possible by Samsung's commitment to an open model of collaboration around the world, resulting in over 1,700 partnerships, including payment providers Visa and Mastercard,' said Yongje Kim, Executive Vice President of Service Business Office, Mobile Communications Business at Samsung Electronics. 'Its continued support for both MST and NFC payments has also enhanced adoption, enabling market access in countries that support either payment option.'

Samsung Pay is a simple and secure mobile payment service that is available almost anywhere you can swipe or tap your eligible payment card3. By combining Near Field Communication (NFC) technology and its proprietary Magnetic Secure Transmission (MST) technology, Samsung Pay is the most widely accepted mobile payment solution on the market.

Samsung Pay operates with three levels of security: fingerprint or iris authentication, card tokenization and Samsung's defense-grade mobile security platform, Samsung Knox. Additionally, Samsung Pay makes mobile payments easy – to launch, a user needs to swipe up on an eligible Samsung Galaxy smartphone, select the card, authenticate using a fingerprint, iris scanning or PIN and bring the phone near the point-of-sale terminal.

Starting today, Samsung Pay is available to users in Italy with compatible Samsung devices, including wearables like the Samsung Gear S3 and Gear Sport, and the new Galaxy S9 and S9+. Samsung Pay works at almost all existing payment locations in Italy that accept credit or debit cards. It also expands the digital wallet experience by allowing customers to use membership cards and providing promotional coupons.

Aligned with Samsung's approach of building tailored products and services customized to meet the needs of users in each market, several value-added features will be available exclusively to consumers in Italy. These include discounts up to 20% on popular brands, including Daybreak Hotel, EF Education, Leroy Merlin and Moleskin.

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