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February 18, 2019

Samsung Pay bolsters presence in UAE

Samsung has joined forces with Abu Dhabi Commercial Bank (Debit Cards), Dubai Islamic Bank, Finance House, MAF Najm Cards and Noor Bank to expand the reach of its mobile payment platform Samsung Pay in the UAE.

The UAE is the first country in the Middle East to launch the payment platform.

In terms of worldwide ranking related to launch of Samsung Say, the UAE stands at 14th position.

The payment solution supports magnetic secure transmission (MST) and near-field communication (NFC) technology. This makes it compatible with more card readers.

ADCB head of retail banking Abdul Shakeel said: “ADCB was one of the first Banks in the UAE to launch Samsung Pay in 2017 for its Credit Card customers. We are excited to extend this payment feature to our Debit Card holders who can now enjoy the convenience and security of paying with Samsung Pay.

“We have seen a steady growth in digital and mobile payments within the past 18 months and expect the growth to continue as consumers switch to digital wallets.”

Customers can access the service if they use Galaxy S9, Galaxy S9+, Galaxy Note 9, Galaxy Note 8 , Galaxy S8, Galaxy S8+, Galaxy S7, Galaxy S7 Edge, Galaxy S6 Edge+, Note 5, Galaxy A5, Galaxy A7, Galaxy A8 Series as well as Gear S3.

Dubai Islamic Bank chief of consumer banking Nasser Al Awadhi said: “The adoption of digital wallets is a key element in the UAE Government’s objective of creating a cashless society and we are delighted to play our part in realising this vision through our partnership with Samsung Pay.”

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