The Paypers

Users can choose the 24-month instalment payments option using Solarisbank’s Splitpay solution integrated into the Samsung Pay service. The option remains available up to 90 days after a payment has been made. A previous partnership with Solarisbank and Visa meant that Samsung has not had to negotiate with individual German banks to roll out Samsung Pay in the country.

Samsung representatives have states that instead of entering into numerous partnerships with various banks, the company decided to trust in the proven track record and neutrality of Solarisbank

To connect Samsung Pay to a personal bank account, Solarisbank uses a novel and convenient KYC [know your customer] process which does not require video identification or [a] branch visit. Instead, the user’s identity is verified via a micro transaction from their existing bank account. This way, the identification process is not dependent on the availability of a video identification, and can be carried out at any time of day.

Samsung lets German customers link any bank account to Samsung Pay