Payment Methods

Mswipe Adds Samsung Pay To All Its Terminals In India

Mswipe Technologies, India’s largest independent POS merchant acquirer and network provider, announced Tuesday (May 9) it has enabled Samsung Pay at all its terminals across the country.

In a press release, Mswipe said the partnership with Samsung Electronics will enable contactless/tap-and-pay-on-the-go facility for Samsung Pay users across all two lac Mswipe terminals in the country.

“Payment technology is evolving rapidly, and Samsung Pay is a great example of how innovation will continue to make digital payment more convenient and desirable for customers. At Mswipe, we have anticipated this and built terminals that are future-ready so that our merchants can accept payments seamlessly, even when there is a technology shift,” said Manish Patel, founder and CEO of Mswipe. “By enabling Samsung Pay, we are offering lacs of users an option to make swift, secure and contactless digital payments at our terminals.”

Patel said with Samsung Pay users can make a safe and secure tap-on -the-go/contactless payments at overall merchant locations that accept digital payments via Mswipe terminals and acceptance platform. To make payments, Samsung Pay customers need to choose their preferred debit/credit card when accessing Samsung Pay, scan their fingerprint and tap their device on an Mswipe terminal to complete a purchase, Mswipe said.

“Samsung Pay has been designed to be the smartest and most convenient method to make digital payments today. This tie-up will enable us to make Samsung Pay ubiquitous and acceptable at even the smallest and remotest of merchants across the country,” said Sanjay Razdan, director, product planning of Samsung India Electronics, in the same press release.

Mswipe’s Samsung Pay announcement comes on the heels of Mastercard announcing in April that Mastercard cardholders from select banks in the United Arab Emirates (UAE) will be able to use the Samsung Pay service to make payments in a quick and secure way. Mastercard said in a press release the move is part of its efforts to displace cash, spur innovation and drive growth of cashless payments in the UAE.



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.

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