Absa clients first to get Samsung Pay in SA
Absa has partnered with Samsung Electronics to launch the smartphone manufacturer's mobile payment and digital wallet service in South Africa.
Samsung Pay allows users to pay using only their smartphone at any payments terminal that supports contactless payments and those that only accept payments via swiping the user's bank card.
This is because Samsung Pay, unlike rivals Android or Apple Pay, supports MST (magnetic secure transmission) as well as NFC (near-field communication) technology.
Users load their banking information into a secure digital wallet in an app on a Samsung device and then tap the payments terminal when they come to pay for goods or services.
Select Absa clients will be invited to join the early access programme over the coming days.
"Absa, in association with Samsung South Africa, will soon be offering its customers early access to Samsung Pay before the service is commercially launched in South Africa," the bank said in a statement.
"Early access will be open to all Absa customers in South Africa and will be available on the Samsung Galaxy S9/S9+, Note 8, S8, S8+, S7, S7 Edge, A8 and coming soon on the A5/A7 (2017 Edition)."
Absa warns customers to watch out for phishing attempts. The bank said it will not contact clients directly via SMS or e-mails to register for Samsung Pay using hyperlinks and attachments provided in those forms of communication.