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Corp News

Be the first to experience Samsung Pay in Malaysia with Maybank

09 December 2016

4 min read

- Contactless mobile payment service offers a digital wallet experience that is simple, secure and works almost anywhere

Kuala Lumpur, 9 December 2016 – Samsung Malaysia Electronics and Maybank today jointly announced the introduction of Samsung Pay in Malaysia beginning with an open beta service in Malaysia exclusively for Maybank cardholders. Secure and easy to use, Samsung Pay is the most widely accepted contactless mobile payment service that can be used to make purchases almost anywhere that accepts debit, credit and prepaid cards.

The Samsung Pay open beta service will be available to users with Maybank Visa debit, credit or prepaid cards and will be compatible with Samsung smartphones1. Maybank cardholders will enjoy exclusive access to Samsung Pay during the three-week open beta test from December 9 – 31, 2016.

Introduction of the mobile payment service is in response to consumer demands in Malaysia where 89 percent of Samsung Galaxy smartphone users expressed interest in using Samsung Pay once it becomes available. This was based on a report2 commissioned earlier this year by Samsung Malaysia Electronics, in which 200 Malaysian consumers were surveyed about their interest in Samsung Pay.

“We are excited to offer a preview of Samsung Pay to Maybank customers in Malaysia ahead of its nationwide launch,” said Mr. Lee Jui Siang, Vice President of Mobile and IT Business Unit, Samsung Malaysia Electronics. “We have seen strong consumer interest and readiness to adopt mobile payments in Malaysia and with Samsung Pay’s security, ease of use and wide availability, we are confident the service provides a truly seamless mobile payment experience that can make users’ everyday lives more convenient.”

Maybank Group Chief Strategy Officer, Michael Foong, said the opportunity for Maybank cardholders to enjoy this exclusive experience during the beta test period is yet another reflection of the value the bank offers its customers. “As a leader in the cards and digital banking business, we have always been at the forefront of leveraging technology to ensure that our customers enjoy greater convenience and efficiency when undertaking cashless payments. As mobile telecommunications and banking converges even more, Maybank will continue to develop innovative solutions for its customers in line with its objective of becoming a digital bank of choice in the region,” said Foong.