Wallet Express Was Created by Samsung and Mastercard
Michael Hemsworth — December 11, 2023 — Tech
References: news.samsung & geeky-gadgets
Wallet Express was created in partnership between Samsung and Mastercard as a new program for enhancing ease of use amongst consumers when making a payment from their digital wallet.
The solution for issuers will allow them to offer greater ease of use for their customers by allowing their account to be seamlessly added to their Samsung Wallet. Customers will also be able to make payments using their Samsung Galaxy Watch, if applicable, to further increase ease of use when making a purchase.
Vice President of Samsung Electronics Europe Teg Dosanjh spoke on Wallet Express saying, "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."
The solution for issuers will allow them to offer greater ease of use for their customers by allowing their account to be seamlessly added to their Samsung Wallet. Customers will also be able to make payments using their Samsung Galaxy Watch, if applicable, to further increase ease of use when making a purchase.
Vice President of Samsung Electronics Europe Teg Dosanjh spoke on Wallet Express saying, "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."
Trend Themes
1. Seamless Digital Wallet Integration - The partnership between Samsung and Mastercard enables seamless integration of customers' accounts into their Samsung Wallet, enhancing ease of use for making payments.
2. Mobile Payment with Samsung Galaxy Watch - Customers can make payments using their Samsung Galaxy Watch, offering a convenient and user-friendly way to complete purchases.
3. Expanding Samsung Pay Service Reach - The collaboration with Mastercard extends the reach of Samsung Pay, providing more people with the opportunity to use the secure payment service on their Galaxy device.
Industry Implications
1. Mobile Payment Service Providers - Mobile payment service providers can explore opportunities to enhance ease of use by partnering with device manufacturers and financial institutions for seamless wallet integration.
2. Smartwatch Manufacturers - Smartwatch manufacturers can capitalize on the growing trend of mobile payments by developing devices that support easy and secure payment transactions.
3. Financial Technology (fintech) Companies - Fintech companies can leverage partnerships with smartphone and smartwatch companies to expand the reach of their secure payment services and tap into a broader customer base.
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