Samsung has entered into a partnership with Ajman Bank to offer state-of-the-art mobile payment technology Samsung Pay for its customers in the UAE
Dubai, UAE, 20 January 2019 —Samsung has partnered with Ajman Bank to make Samsung Pay available to its customers in the UAE. Now, Samsung users holding Ajman Bank MasterCard & VISA debit or credit card will benefit from payment convenience through Samsung Pay, a simple and secure mobile payment service that can be used to make purchases almost anywhere one can swipe a credit or debit card.
“In the UAE and throughout the Middle East, mobile payments are becoming increasingly popular, as they provide a greater degree of security and convenience than using cash, debit, or credit. At Samsung, we are proud to offer the leading mobile payment service in the country, and by partnering with top UAE banks, we are paving the way for Samsung Pay to become the country’s most-used form of payment in the digital age,” said Mohammad Gharaibeh, Head of Enterprise, Mobile Business at Samsung Gulf Electronics. “We are delighted to begin working with Ajman Bank to give its customers access to the mobile payment technology that is revolutionizing the checkout process and enabling users to enjoy the seamless simplicity of Samsung Pay with almost every transaction.”
Kashif Amin Thakkur, Acting Head of Consumer Banking, Ajman Bank said, “Launch of Samsung Pay is an integral part of digitalization journey for Ajman Bank where we plan to bring state-of-the-art technology to our customers in making their everyday transactions secure and convenient. We are delighted with this joint collaboration with Samsung and look forward to growing it further with strategic digital initiatives in future.”
He further added, “We are committed to continuously upgrade our suite of payment solutions through investment in technology and strategic relationships to bring the best in class services for our customers.”
Samsung Pay works with Samsung’s patented Magnetic Secure Transmission (MST) technology as well as with Near Field Communication (NFC). MST replicates a card swipe by wirelessly transmitting magnetic waves from the supported Samsung device to a standard card reader. Through MST, Samsung Pay will work seamlessly on most point of sale terminals in the emirates. The UAE is the first country in the Middle East to introduce the service and the 14th in the world, following successful launches in the United States, Korea, Russia and more. In just under two years since its initial launch, Samsung Pay is now present in 24 countries, including those with early access.
In the UAE, Samsung Pay is currently available for the Galaxy S9 and Galaxy S9+, Galaxy Note 9, Galaxy Note 8, Galaxy S8 and Galaxy S8+, Galaxy S7 and Galaxy S7 Edge, Galaxy S6 Edge+, Note 5, Galaxy A8 (2018), Galaxy A5 and A7 (2016, 2017) and Galaxy A3 (2017). Samsung Pay is also available for the Gear S3.
About Samsung Pay
Samsung Pay, a mobile payment service from Samsung Electronics, is simple, safe and works almost anywhere you can swipe or tap your card. Combining NFC (Near Field Communication) with Samsung’s proprietary MST (Magnetic Secure Transmission) technologies, Samsung Pay provides consumers a way to pay almost anywhere you can swipe or tap a card at millions of merchant locations. Samsung continues to strategically expand its partnership ecosystem for Samsung Pay to provide greater flexibility, access and choice for customers while enabling an easy and safe payment experience. Samsung Pay is compatible with select cards and Samsung devices, and leading wireless providers. Visit www.samsung.com/ae/samsungpay to learn more.
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI and LED solutions. For the latest news, please visit Samsung Newsroom at http://news.samsung.com.
About Ajman Bank
Ajman Bank is an Islamic bank with an ambitious vision based on values of integrity, trust and transparency seeks to provide a wide range of Sharia-compliant and high quality banking services to customers from individuals, companies and government institutions across the UAE. It is also keen to be updated with the latest technology that will ensure customers a distinctive experimental banking with the revival of human touch that is lost in the modern era of banking application.
Ajman Bank is headquartered in Ajman and enjoys the strong support of the Government of Ajman and is a key pillar in the emirate’s economic development strategy. The bank continues its tireless efforts to establish a prominent position in the banking sector as a sustainable Islamic banking institution, with an emphasis on the need to achieve an optimal balance in the community and caring staff, in order to provide real value for shareholders and customers alike. For more information visit http://www.ajmanbank.ae