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Beyond Bank Australia now offering Samsung Pay

15 June 2017

Sydney, Australia – 15 June, 2017 – Beyond Bank Australia today announced it will be offering Samsung Pay to its more than 200,000 customers across the nation.

Samsung Pay is a secure and easy-to-use mobile payments service available on compatible Samsung devices including the Gear S3 smartwatch and the Galaxy S8 and S8+ smartphones1 .

“We are always keen to offer our customers new and innovative ways to do their day to day banking,” said Beyond Bank’s General Manager Customer Experience, Nick May.

“Samsung Pay provides a seamless transaction facility that is simple, fast and efficient and with security features that give users real peace of mind.”

Samsung Pay has been designed to be a complete wallet replacement for users - making everyday payments and loyalty point collections simple and secure for Australians.

Mobile payments are made even simpler with Samsung Pay because the technology utilises Near Field Communication (NFC) and Magnetic Secure Transmission (MST). MST technology enables Samsung Pay to support partners that use a traditional mag stripe, commonly found on loyalty cards, gift cards and transportation cards, both in Australia and across the globe.

The announcement comes as Samsung Pay marks its first anniversary in Australia. Samsung Pay has more than 870 bank partnerships worldwide and has had more than 240 million transactions processed over the past year and a half.

For more information about Samsung Pay visit www.samsung.com/pay.

About Samsung Pay Samsung Pay, a mobile payment service from Samsung Electronics, is simple, safe and works almost anywhere you can swipe or tap your card. Combining NFC with Samsung’s proprietary MST technologies, Samsung Pay provides consumers with a way to pay almost anywhere you can swipe or tap a card at numerous of merchant locations. Samsung continues to strategically expand its partnership ecosystem for Samsung Pay to provide greater flexibility, access, and choice for customers while enabling an easy and safe payment experience. Samsung Pay is compatible with select cards and Samsung devices. Visit www.samsung.com/pay to learn more

 1 Samsung Pay is available on the Samsung Galaxy Note 5, Galaxy S6, S6 edge, S6 edge+, Galaxy A5, Galaxy A7, Galaxy S7 and S7 edge and from April 28, 2017, the Galaxy S8 and S8+. Compatible wearable devices include the Gear S2 and Gear S3 smartwatches. Samsung Galaxy S6 and S6 edge do not support the MST functionality of Samsung Pay.