Samsung has teamed up with digital security firm Gemalto to speed up the roll out of its mobile payment service.
Samsung Pay is due to launch in South Korea and the US later this summer. The manufacturer’s partnership with Gemalto comes off the back of its collaboration with Mastercard, enabling it to extend Samsung Pay into Europe.
The manufacturer is now looking to speed up this process and is working with Gemalto to make it easier for payment issuers.
According to Samsung, switching to mobile payments requires significant IT investment from a payment provider in order to provide a seamless user experience. The manufacturer explained that Gemalto will simplify this process and offer a ‘one-stop connection’ that will integrate all the systems required, removing the need for a big investment in IT.
Teck-Lee Tan, executive VP of Platforms and Services at Gemalto, said that this ‘one-stop’ hub will remove the complexity payment issuers face when offering mobile payments.
He said: ‘Our role is to support our payment issuer customers and Samsung to accelerate bringing Samsung Pay to consumers, by bringing the most robust technology and connection services to the game.
‘We have built our solution to take the technical complexity out of the equation for payment issuers, and we are ready to address our customers’ pain points around user enrolment and eco-system fragmentation.’