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Samsung Pay launches in Australia

Australians can use Samsung Pay starting today, Samsung Electronics Australia announced in an official press release. The mobile payment system will be available on compatible Samsung smartphones, including the Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+, Galaxy Note 5, Galaxy S7 and Galaxy S7 edge, provided that the devices are running Android 6.0 Marshmallow. What this last part means, is that, depending on the carrier and how it deals with updates, a limited number of users of some of the aforementioned handsets still won't be able to get their hands on Samsung Pay.

The South Korean manufacturer has partnered with American Express and Citibank to bring its mobile payment service to Australia. Samsung Pay supports debit and credit cards and provides three levels of security for payments:

  • Fingerprint authentication
  • Tokenisation – instead of sending actual credit or debit card numbers to merchants when a transaction is made, the system replaces card data with a virtual account number to represent the customer's account information
  • Samsung's proprietary security platform KNOX

Samsung Pay is also available in the U.S., China, Spain and South Korea. Back in January, Samsung promised that we'll see the service expand and it's trying to keep that word. The UK, Singapore and Brazil are three other markets that the company is eyeing for its payment system.

source: Samsung via SamMobile


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