Russian Standard Bank, Samsung Electronics and MasterCard have announced the commercial launch of a contactless payment service on some flagship NFC-enabled Samsung devices. For MasterCard and Samsung, the Russian launch is the second globally and the first in Europe and will help to accelerate the adoption of mobile payments.
The service, available through Russian Standard Bank’s mobile
banking app, enables users of Samsung GALAXY S4 and Samsung GALAXY Note 3 to upload MasterCard prepaid contactless NFC cards issued by Russian Standard Bank into their smartphones.
The smartphones can then be used to pay for goods and services using PayPass technology. This is the first time that contactless payments technology has been made available on the Russian market to users of Samsung devices with an embedded NFC chip, implemented within a banking application.
“Samsung strives to create products and solutions that make people’s lives more convenient and simpler every day,” says Konstantin Tarachev, Project Manager, Head of NFC Department, Samsung Russia and CIS. “Our cooperation with Russian Standard Bank and MasterCard shows how our joint efforts to innovate enable us to reach the goal these goals. The contactless payment service is now available for Samsung smartphone users wherever and whenever they need it.”