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.
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