Mastercard extends partnership with Samsung to deliver Samsung Pay in Europe
European card issuers will be able to connect to the MDES platform and activate the Samsung Pay service upon launch. Cardholders can activate their credit, debit, reloadable prepaid and small business cards from participating issuers in the Samsung Pay service and use their mobile devices to make everyday purchases.Earlier this year, MasterCard announced it would provide the tokenization services to Samsung Pay for its secure transactions, enabling a quick scaling connection to bank partners in the U.S.
“Samsung Pay is pleased to join forces with MasterCard to offer a simple and safe mobile payment experience enabled for wider merchant acceptance to MasterCard cardholders and issuers in Europe,” said Injong Rhee, EVP of Samsung Electronics, Global Head of Samsung Pay. “Both organizations are committed to ground breaking fin-tech innovations that will deliver on the promise of a true mobile wallet.”
“With the continued global growth and reliance on connected mobile devices, we are delighted to expand our relationship with Samsung by extending the reach of Samsung Pay and MDES to cardholders in Europe. Europeans have been leading the way in the adoption of new ways to shop, buy and make a payment. Through our strong partnership with Samsung we look forward to continuing to drive innovation in mobile commerce by creating simple and secure digital payment experiences for consumers,” said Javier Perez, President of MasterCard Europe.
Samsung Pay is scheduled to launch in the U.S. and South Korea later this summer and Samsung is currently working with banks and partners to bring the payment service to Europe.
Since the announcement of MDES in 2013, millions of MasterCard accounts have been tokenized for use in popular digital wallet services. MDES currently provides tokenization services for credit, debit, co-brand, prepaid and small business cards.Private label tokenization, announced in June, will begin in the third quarter of this year. Tokenization services for app, eCommerce, and recurring billing card-on-file programswill be available to U.S. and Canadian merchants later this year and expand globally across all MDES-enabled markets.
Keywords
Contacts
MasterCard
Brian Gendron
Product Communications, MasterCard
brian_gendron@mastercard.com
914-325-1799
Seth Eisen
Corporate Communications, MasterCard
seth_eisen@mastercard.com
914-249-3153
Samsung
Anna Kim-Williams
Global PR Strategy, Samsung Electronics
ak.williams@samsung.com
+82-10-2105-7329
Winston Eavis
External Communications, Samsung Electronics Europe
w.eavis@samsung.com
+44-7823-520-242
About Mastercard
Subscribe to releases from Mastercard
Subscribe to all the latest releases from Mastercard by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Mastercard
Mastercard inngår samarbeid med Live Nation for å tilby eksklusive fordeler og live musikkopplevelser for kortinnehavere over hele verden6.11.2023 09:20:09 CET | Pressemelding
Gjennom priceless.com vil millioner av kortinnehavere i 19 markeder i Europa og Asia få eksklusiv tilgang til forhåndssalg av billetter, premiumplasser og VIP-opplevelser. Partnerskapet vil også støtte Priceless Planet Coalition.
Bits forlenger avtale med Mastercard om å levere eFaktura og AvtaleGiro30.10.2023 09:30:00 CET | Pressemelding
Bits – bankenes og finansnæringens felles infrastrukturselskap - fornyer avtalen med Mastercard om å levere eFaktura og AvtaleGiro fra 1. januar 2024. Mastercard skal drifte og videreutvikle tjenestene, og sammen skal partene holde Norge i front på digital regningsbetaling.
7Analytics fra Bergen deltar i Mastercards bærekraftsprogram7.9.2023 08:56:19 CEST | Pressemelding
7Analytics bygger en dataplattform for å klimasikre fremtidens bygg. Nå får oppstartsselskapet drahjelp fra Mastercard.
Moss-baserte Fygi Technologies vant prestisjetung teknologipris i Mastercard Lighthouse partnerskapsprogram26.5.2023 09:22:56 CEST | Pressemelding
Oslo, 26 mai, 2023 – Fygi Technologies, som vil revolusjonere hvordan vi betaler med mobilen i butikken, vant den norske utgaven av Mastercards oppstartsprogram Lighthouse FINITIV våren 2023. Selskapet vant i konkurranse med fem andre norske fintech-selskaper.
Mastercard setter opp farten på arbeidet med bærekraftige kort13.4.2023 09:00:00 CEST | Pressemelding
Mastercard styrker sitt engasjement for bærekraftige kort ved å eliminere PVC-plast fra nyproduserte kort i sitt nettverk innen 2028. Det er en del av Mastercards forpliktelse til en mer bærekraftig bransje og hverdag for forbrukerne.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom