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Samsung Pay partners with another 38 financial institutions

Posted: 15 June 2017 10:31 am


Another 1.7 million Australians can now tap and go with Samsung Pay.

Samsung Electronics Australia has announced a partnership with Cuscal, enabling another 38 financial institutions to offer Samsung Pay to their customers.

Combining Samsung’s proprietary MST technologies and NFC, People’s Choice Credit Union and Credit Union Australia (CUA) customers are just some of the cardholders who can now use their compatible Samsung devices to make tap and go payments at contactless terminals.

Considering Samsung Pay was previously only available with American Express, Westpac and Citi, this means many more Aussies can now tap and go with their Samsung device. In fact, another 1.7 million Australians can take advantage of the contactless technology.

Cuscal’s 38 financial institutions partnered with Samsung Pay include:

  • Australian Unity
  • Bank Australia
  • Bank of Sydney
  • Beyond Bank Australia
  • Big Sky Building Society
  • Catalyst Money
  • Central Coast Credit Union
  • Central Murray Credit Union
  • Community First Credit Union
  • Credit Union SA
  • CUA
  • Border Bank
  • Defence Bank
  • Firefighters Mutual Bank
  • First Option Credit Union
  • Holiday Coast Credit Union
  • Horizon Credit Union
  • Illawarra Credit Union
  • Intech Bank
  • MyState
  • Nexus Mutual
  • Northern Beaches Credit Union
  • P&N Bank
  • People's Choice Credit Union
  • Police Bank
  • QT Mutual Bank
  • Queenslanders Credit Union
  • Reliance Bank
  • SCU
  • Endeavour Mutual Bank
  • South West Slopes Credit Union
  • Teachers Mutual Bank
  • The Mac
  • The Rock
  • UniBank
  • Unity Bank
  • WAW Credit Union Co-Operative
  • Woolworths Employees' Credit Union Limited

Samsung Pay believes that this union with Cuscal brings Australia closer to the possibility of becoming a cashless society, where payments are made using phones rather than wallets.

“Every partner we bring onboard, whether it be a financial institution or retail brand through our Samsung Pay loyalty functionality, brings us a step closer to helping customers replace their wallets with their Samsung smartphone or smartwatch,” says Richard Fink, Vice President of the Mobile Division at Samsung Australia.

This isn't Cuscal's first partnership with one of the contactless payment giants. In November 2016, the independent payment solution provider also announced a partnership with Apple Pay.

The announcement also comes just one year after Samsung Pay initially launched with American Express and Citi. You can compare the credit cards that can be linked with Samsung Pay here.

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Pictures: Shutterstock

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