MasterCard has today announced that they have partnered with Samsung in order to help launch the company’s mobile payment system in Europe.
Called Samsung Pay it is set to launch in both the US and South Korea shortly, and is expected to launch anywhere from September, with tests now beginning in South Korea.
MasterCard explains more about the partnership:
“Samsung Pay is pleased to join forces with MasterCard to offer a simple and safe mobile payment experience enabled for wider merchant acceptance to MasterCard cardholders and issuers in Europe,” said Injong Rhee, EVP of Samsung Electronics, Global Head of Samsung Pay. “Both organisations are committed to ground breaking fintech innovations that will deliver on the promise of a true mobile wallet.”
“With the continued global growth and reliance on connected mobile devices, we are delighted to expand our relationship with Samsung by extending the reach of Samsung Pay and MDES to cardholders in Europe. Europeans have been leading the way in the adoption of new ways to shop, buy and make a payment. Through our strong partnership with Samsung we look forward to continuing to drive innovation in mobile commerce by creating simple and secure digital payment experiences for consumers,” said Javier Perez, President of MasterCard Europe.
There are no plans as to when Samsung will launch Samsung Pay in Europe exactly, but we will let you know when they reveal more.