It enables users to make mobile payments using both MST (mag-stripe technology) and NFC (near-field communications). The first of its kind in Africa, it features the benefits of both a physical and mobile wallet to make in-store purchases safer and simpler.
“Samsung Pay gives users full control of their digital payment journey by ensuring all transactions are secure and authenticated by the user,” the company stated. “Featuring Samsung’s defence-grade Samsung Knox security platform and biometric authentication through iris or fingerprint scanning, users can have peace of mind that their personal payment information is safe. Additionally, tokenization ensures that a user’s actual card information is never exposed during a transaction, making every payment more secure.”
Samsung Pay is currently available for Absa and Standard Bank customers with supported Mastercard and Visa payment cards. Avios credit cards, British Airways credit cards and Virgin Money cards are also supported. Samsung Pay also supports the ability to load loyalty cards.
“Samsung Pay works almost anywhere you can swipe, insert or tap a card, so as the first country in Africa to implement this, we are hugely excited about how it’s going to transform our customers’ lives”, says Craige Fleischer, Vice President of Integrated Mobility for Samsung South Africa. “Samsung Pay is committed to driving the mobile wallet movement in Africa, and this launch furthers Samsung’s dedication to delivering innovative services to consumers everywhere.”.
While cash might not be dead, and cards still dominate the payments landscape, the world of contactless payments is evolving faster than ever before. The way consumers make payments is changing faster than any area of financial services, impacted by rapid changes in digital technology, competitive forces and consumer demands.
Tshipi Alexander, Head of Consumer Issuing at Absa Retail and Business Banking, says, “Making a payment has become so much more than just making a transaction and is now also about the experience. Therefore, many of the developments in financial technology we have introduced over the past few years have been about making the buying process quicker and more convenient. The arrival of Samsung Pay now gives Absa customers even more choice on how they can make payments. It will allow them to make simple, quick and highly secure payments with their Samsung phone when purchasing goods at most retailers on both contactless and non-contactless terminals where they currently use their Absa cards – without ever having to get their card from their wallet,”
Says Ethel Nyembe, Standard Bank SA Head of Card Issuing, “We want to make sure that Standard Bank’s payment solutions become the preferred choice for digital experiences – whether it be traditional cards, virtual cards, tap to pay, or Samsung Pay. Customers retain their plastic cards, but we are making sure that people who want to go beyond traditional payment methods can now participate in an exciting mobile payments world, which is getting bigger every day.”
To start using Samsung Pay, Samsung users must upgrade to the latest software version for eligible Samsung Galaxy smartphones, download the Samsung Pay app from the Google Play store, register or log in to their Samsung account, select a preferred method of verification by fingerprint, iris scan or PIN, scan a debit, credit or cheque card with the camera, and verify the card details.
To make payments, users launch the Samsung Pay app by swiping up from the home screen or lock screen, authenticate with their iris, fingerprint or PIN, then tap or hold their Samsung device close to the payment terminal. Because Samsung Pay works on both MST and NFC point of sales terminals, vendors do not need to change their current point of sale machines to accommodate this technology.
Mark Elliott, Division President at Mastercard, Southern Africa, says, “We have been a pioneer of mobile commerce innovation for years and are excited to work with Samsung to deliver new frictionless payment options to consumers, in turn helping to accelerate the adoption of digital payments in South Africa. Every Samsung Pay transaction made with Mastercard is highly secure. A critical part of this is our ability to tokenise cardholder details, where a ‘token’ and not a real card number is provided to the shop, offering both consumers and retailers all the safety benefits and guarantees of a transaction made with a physical card.”
Geraldine Mitchley, Head of Digital Solutions for Visa in Sub Saharan Africa, commented: “We are thrilled to expand mobile payment options for Visa cardholders in South Africa. Today’s launch of Samsung Pay gives Visa cardholders a mobile payment solution that is further strengthened by the security of Visa Token Service technology and which enables safe and easy contactless in-store payments with their Samsung mobile. Considering the number of smart phone users in South Africa is expected to reach over 25 million by 2022, we are seeing that the phone is the one item people always have with them and Visa supports payment solutions that fit people’s changing lifestyles.”
New iPhone pricing for SA
The iStore has announced that the latest iPhones, the Xs and Xs Max, can now be pre-ordered at www.myistore.co.za , and will be available in stores starting 28 September 2018.
|iPhone Xs and iPhone Xs Max feature 5.8-inch and 6.5-inch Super Retina displays that offer remarkable brightness and true blacks while showing 60 percent greater dynamic range in HDR photos. iPhone Xs and iPhone Xs Max have an improved dual camera system that offers breakthrough photo and video features, A12 Bionic chip with next-generation Neural Engine, faster Face ID, wider stereo sound, longer battery life, splash and water resistance,
Pre-orders will be open for cash purchases and on iStore’s revised payment plan in partnership with FNB Credit Card, allowing customers to pay off their iPhone at a reduced interest rate. However, the contract period is 37 months rather than the usual 24 months.
Accenture opens Fjord design centre in Johannesburg
Accenture has launched its first design and innovation studio on African soil, Fjord Johannesburg.
The company says the move significantly expands its design capabilities and demonstrates its commitment to unlocking Africa’s innovation potential through the creation of experiences that redefine industries in our constantly evolving digital era.
The new studio, opening in November, will be located at Accenture’s new 3875m² offices in Waterfall. It will be led by Marcel Rossouw, design director and studio lead for Fjord Johannesburg.
Said Rossouw, “Brands are constantly asking, ’how does one take a business need or problem, build that out into a definition of a service experience, and then bring it to market?’ It’s about re-engineering existing service experiences, identifying customer needs, prototyping rapidly, iterating often and proving or disproving assumptions. But it’s also about getting feedback from customers. The combination of these factors helps companies advance towards the ultimate service experience.”
Fjord is the design and innovation consultancy of Accenture Interactive. The Johannesburg location marks its 28th design studio globally, solidifying its position as the world’s leading design powerhouse.
Working in the same location as Accenture Interactive will allow Fjord to fuse its core design strategy DNA with the digital agency’s expertise in marketing, content and commerce to create and deliver the best customer experiences for the world’s leading brands.
Accenture Interactive Africa‘s blend of intelligent design and creative use of technology has already been used by some of South Africa’s largest and most prominent brands, including Alexander Forbes, Discovery, MultiChoice and Nedbank. The digital agency has also earned industry accolades for its innovative and compelling business results, most notably two gold awards in the Service Design category at the 2017 and 2018 Loeries awards.
“Great design tells great stories,” says Wayne Hull, managing director of Accenture Digital and Accenture Interactive lead in Africa. “It unifies a brand, drives innovation and makes the brand or service distinctive and hyper-relevant in both the digital and physical worlds. This is critical to achieving results. Having Fjord Johannesburg as part of Accenture Interactive, and collaborating with all of Accenture Africa, will provide unique experiences and forward-thinking capabilities for our clients.”
“Businesses in South Africa are becoming more design-aware and are looking to take greater advantage of design skills to compete with the rest of the world,” said Thomas Müller, head of Europe, Africa and Latin America at Fjord. “We’re excited to open our first design studio on the continent and to be part of an emerging market that is ripe for design and innovation, and open for business. Developing markets like South Africa are challenging assumptions and norms about what digital services and products are meant to be, and we’ll strive to put design at the heart of the innovation being produced there.”