Samsung partners with CBA to enhance digital wallet solution
Available on compatible Galaxy devices for CBA Mastercard customers
Sydney, Australia ─ 21 February 2018: Samsung Electronics Australia today announced a partnership with Commonwealth Bank to offer its contactless payment platform, Samsung Pay, to CBA’s Mastercard credit and debit card holders.
Wasn't Samsung the first ones to offer tap and pay with CBA all those years ago? Hard to keep up with all these tap solutions.
From an earlier post of yours (Aug 2017), Samsung ran a competition for people who made 5 transactions on Samsung Pay and any of a whole range of cards from different banks (including CBA).
https://www.ozbargain.com.au/node/324655
So what's different this time?
Given I can pay using CBA's app with my Samsung phone, what benefit does Samsung Pay provide?
What does this offer over AndroidPay?
Samsung Pay will work in stores that support NFC payments, but its big trick is a technology called MST (Magnetic Secure Transmission), which it picked up with the acquisition of a company called LoopPay. MST lets your phone with Samsung Pay emulate an actual physical card swipe, meaning it can work at virtually any payment terminal where you can swipe a card.
So yeah, no real benefits over AndroidPay in Australia
Thanks. Sounds worse than Android Pay to be honest.
With Android Pay, every time you do a transaction, a new virtual credit card number is generated.
This means if the shop reader is compromised, they can't spend any of your money.
Samsung pay is the same however you have the added features of a biometric lock on the card and also the virtual swipe which may be handy overseas
@phew: Yeah okay. So it's pretty much equivalent then.
You can configure Android Pay to only work when the phone is unlocked (biometric lock / fingerprint scanner)
Android Pay gave me over a grand worth of gift vouchers last year, so I think I'll stick with them :)
"Android Pay gave me over a grand worth of gift vouchers last year…" how, if you can elaborate? Thx.
how, if you can elaborate? Thx.
https://www.ozbargain.com.au/node/314390
10 transactions per day. In the end, I was purchasing $40 shitphones just to activate AndroidPay lol.
And Apple Pay will be introduced on April 1
Or you could use bitcoin wallet, and stop the banks from controlling us.
+1 for this.
Problems with this are:
1. Our primitive government considers BTC an asset, so each time you liquidate it (buy something), you trigger a GCT event, and have to pay tax in fiat on your next tax return.
2. Only some hipster cafes accept it.
It works really well though, and it was working well a good 5 years ago, before any of this Apple/Samsung/Android pay shit came along.
I regret spending mine though, for obvious reasons :D
These days we'd probably want to use LTC.
Yeah it's insane that people don't realise that banks are legit controlling us.
whhaaattttt?!?!?!?!