Samsung Partners with Sharjah Islamic Bank for Samsung Pay

Samsung Gulf Electronics announced a new Samsung Pay partnership with Sharjah Islamic Bank today. Sharjah Islamic Bank customers, using Mastercard Credit, Debit or Prepaid Cards, will now have the option to make payments across the UAE using compatible Samsung mobile phones. The partnership marks a new addition to Samsung Pay's extensive portfolio of major payment networks and banks, to provide greater flexibility, access, and choice for customers in the UAE.

"We are very pleased and excited to have Sharjah Islamic Bank come onboard as our partner for Samsung Pay in the UAE," said Mohammad Gharaibeh, Head of Enterprise – Mobile Business, Samsung Gulf Electronics. "The partnership with Sharjah Islamic Bank, alongside our ecosystem of partners across payment networks, banks, retailers and merchants, assures customers that they will be able to enjoy the full benefits of using Samsung Pay almost anywhere."

Nabil Abou Alwan, Head of Retail Banking Group, Sharjah Islamic Bank, said: “Sharjah Islamic Bank is committed to bringing the latest technology in banking services to its valued customers. Our partnership with Samsung is an important milestone in our digital banking strategy and we are proud to be the first Islamic bank in the region to bring payment solutions on this platform without the need of a physical card.”“All Sharjah Islamic Bank Cardholders who have credit, debit and prepaid cards will be able to take advantage of this new, easy to use and secured technology for almost all their payments at points of sale.” Mr. Abou Alwan added.

More Than a Payment Service

In addition to helping reduce form fill friction, merchants and users will continue to benefit from the simple, secure, and easy to use features of Samsung Pay:

• ·Simple: To make a payment with Samsung Pay, simply swipe up from the home button, scan a fingerprint or verify with iris[2] scanning (which can be different from the authentication registered to unlock the device), and tap the back of the phone on a POS machine.

• · Secure: Samsung Pay is built with three levels of security — biometric authentication, card tokenisation, and Samsung’s comprehensive mobile security platform, Samsung Knox, which provides multi-layered protection from the device down to its kernel. In case users lose their phones, the FMM (Find My Mobile) feature enables users to lock Samsung Pay remotely with a pre-set password.

• · Accepted Almost Anywhere: Samsung Pay works with Near Field Communication (NFC) as well as with Samsung’s patented Magnetic Secure Transmission (MST) technology. MST replicates a card swipe by wirelessly transmitting magnetic waves from the supported Samsung device to a standard card reader, allowing Samsung Pay to work almost anywhere cards are accepted.