Bendigo Bank customers can now use Samsung Pay
The bank joins 40+ institutions allowing cardholders to tap and pay with their Samsung devices.
Bendigo Bank is the latest bank to announce a partnership with Samsung Pay, allowing cardholders to make contactless payments with their Samsung smartphone. The mobile wallet is available for Bendigo Bank customers who have an eligible debit or credit card and a compatible Samsung device.
Once they've downloaded the Samsung Pay app and linked it to their Bendigo Bank account, customers can tap their phone against a contactless payment terminal to make PIN-less purchases of up to $100 just as they would with their contactless card. Every transaction is authenticated by your fingerprint or security PIN and you can remotely lock or erase your Samsung Pay account if your phone is lost or stolen.
As well as its own digital wallet, Redy, Bendigo Bank now has partnerships with two of the three big players in the digital wallets space. The bank also partnered with Android Pay in 2016, meaning that Apple Pay is the only digital wallet that's unavailable to Bendigo Bank users. However, given that Bendigo Bank (as well as others, including Commonwealth Bank, NAB and Westpac) went to the ACCC to fight against Apple for access to its NFC network, it's unlikely that we'll see a partnership with Apple Pay any time soon.
Samsung Pay now has over 40 banks and financial institutions in its Australian ranks, including American Express, Citi, Westpac and ANZ. If you’re a Samsung disciple, you can check out the different banks that offer Samsung Pay to compare your options.