(Video) Maybank launches Samsung Pay Service in Singapore

It is official that Maybank will offer Samsung Pay to their credit and debit cardholders. This is inline with the bank’s objective in pushing digital initiatives in the South East Asia region. Samsung Pay provides an additional payment option for Maybank’s customers.

Senior management from Maybank and Samsung at the launch of Samsung Pay by Maybank Singapore (left to right): Choong Wai Hong, Head, Community Financial Services, Maybank Singapore; Karen Low, Head, Cards & Unsecured Lending, Maybank Singapore; Lim Kuo Siong, Head, Information Services, Maybank Singapore; Mohd Suhail Amar Suresh Abdullah, Group Chief Technology Officer, Maybank; Michael Foong, Group Chief Strategy Officer, Maybank; Lim Hong Tat, Group Head, Community Financial Services and CEO, Maybank Singapore; Eugene Goh, Vice President, IT & Mobile, Samsung Electronics Singapore; Andy Sim, Vice President and Head, New Business Development, Samsung Electronics Singapore; Christopher Tarr, Director, Samsung Pay – Southeast Asia & Oceania
Senior management from Maybank and Samsung at the launch of Samsung Pay by Maybank Singapore (left to right): Choong Wai Hong, Head, Community Financial Services, Maybank Singapore; Karen Low, Head, Cards & Unsecured Lending, Maybank Singapore; Lim Kuo Siong, Head, Information Services, Maybank Singapore; Mohd Suhail Amar Suresh Abdullah, Group Chief Technology Officer, Maybank; Michael Foong, Group Chief Strategy Officer, Maybank; Lim Hong Tat, Group Head, Community Financial Services and CEO, Maybank Singapore; Eugene Goh, Vice President, IT & Mobile, Samsung Electronics Singapore; Andy Sim, Vice President and Head, New Business Development, Samsung Electronics Singapore; Christopher Tarr, Director, Samsung Pay – Southeast Asia & Oceania. Source: Instagram user @weewu

As the world is moving towards transactions using smartphone, Samsung, as the world’s largest mobile phone maker, plays a strategy role in assisting the bank’s initiative in digitizing banks’ services.  With Samsung Pay, the bank expects the adoption to be 10,000 for the first year and 20,000 by the end of second year.

Besides payment, Maybank is exploring other banking solutions using Samsung Pay’s biometric authentication technology. Integration of loyalty cards and cardless withdrawals are services in the pipelines and will be made available to the bank’s customers in the near future.

Maybank has also supported Fintech community and will be a key partner of the Fintech festival in Singapore this November.

To view the presentation at Galaxy Studio, see below Facebook Live video below

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