A new Visa/Samsung alliance is aiming to significantly accelerate the availability of mobile payments globally. According to the agreement, financial institutions that are planning to launch mobile payment programmes will be able to use the Visa Mobile Provisioning Service to download payment account information to NFC-enabled Samsung devices. In addition, Samsung has agreed to load the Visa payWave applet onto its mobile devices featuring NFC technology.
Mariano Dima, executive vice president, Visa Europe, says: "We are delighted to be continuing and elaborating on our long-standing relationship with Samsung. This announcement represents a partnership between two pioneering and innovative global entities to create an exciting and engaging service. A Samsung device equipped with the Visa contactless payment service is a powerful proposition and will allow us to make mobile payments a reality for people around the world."
"Samsung has been a pioneer in NFC devices and is again leading the way in enabling NFC-based mobile payments. The partnership with Visa represents a step towards a global mobile payment platform,” comments Dr. Won-Pyo Hong, president and head of media solution centre, Samsung Electronics. "We believe that we have a strong value proposition for financial institutions that will ultimately allow consumer choice in NFC payments."
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