The mobile payment solution provides a private way to make mobile payments, without having to hand over cash or share payment card details for each new transaction.
PayGate’s officials stated that Samsung Pay removes the need to search through a wallet or purse for payment cards, which contributes to a seamless payment journey. On top of this, every transaction is authenticated and authorised by the customer’s fingerprint or PIN on their Samsung device, adding an extra layer of security to online payments.
According to PayGate, Samsung Pay has put measures in place to ensure actual card information is never stored on a customer’s device, or on Samsung servers. Instead, each time a payment is made, the card number is substituted for a token, effectively creating a virtual version of the card with a completely different set of digits. This ensures consumer details remain encrypted and secure.
Samsung Pay is integrated with a number of major banks, including Absa Bank, Capitec Bank, Discovery Bank, FNB, Investec, Nedbank, RMB Private Bank, and Standard Bank, for online payments and checkout. Merchants who offer Samsung Pay to their online customers can do so through their PayGate account.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.