Despite Absa’s initial grab for the tech, fresh off their controversial rebrand, it’s the move for Standard Bank to work with Samsung that is a no-brainer. The bank has already paved the way for mobile payments with its ever-popular SnapScan app. It is one of the few mobile payments apps that has crossed the brand and bank loyalty divide with roaring success. FNB, who have now partnered with Fitbit and Garmin for their own smartwatch tap-and-go payments, initially made the most waves with their award-winning banking app, but the rest of South Africa’s banks have been hot on their heels since - particularly the ever-eager and easy to use Capitec. But it is Standard Bank that seems to want to dominate the mobile pay space.
“We want to make sure that Standard Bank’s payment solutions become the preferred choice for digital experiences – whether it be traditional cards, virtual cards, tap to pay, or Samsung Pay,” says Ethel Nyembe, Standard Bank SA’s head of card issuing. “Customers retain their plastic cards but we are making sure that people who want to go beyond traditional payment methods can now participate in an exciting mobile payments world, which is getting bigger every day.”
To use Samsung Pay – after you have updated your software and downloaded the app, of course - swipe up from the home or lock screen and authenticate with your preferred unique body part. You then tap or hold the device close to any point-of-sale machine and presto! It is that scarily easy. If you have a Samsung phone, you probably have been bombarded with ads telling you just that. And yes, it’s true, any machine will do, thanks to the company’s frictionless tech “magic”. You are not exclusively beholden to the newer machines.
WATCH | Samsung Pay: Safer, simpler. Pay anywhere.