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Samsung Pay now available

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From 15 June 2017, First Option will be offering Samsung Pay to its members.

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.

First Option CEO, Dean Jepsen said, “While we already offer Apple Pay and Android Pay to our members, the addition of Samsung Pay ensures that we give members the widest choice possible. This is the way of the future and members expect us to keep up with all payment technologies.”

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.

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.