Samsung Pay, Eftpos launch Australian partnership with Heritage Bank

Samsung and Eftpos have created a partnership that allows tokenized, contactless transactions to be made through the Samsung Pay’s wallet via the Eftpos’ network, according to a report on Zdnet.

The solution allows users on Samsung Pay users to choose between making debit card payments via Eftpos or the Visa network by using a toggle switchon the user interface.

Heritage Bank is the first issuer to launch the solution and more issuers are expected in the coming months, Once issuers have integrated with the Eftpos tokenized solution, they can pay using their Eftpos cards on Samsung Pay.

Eftpos users are able to withdraw cash from selected merchants and Samsung said this service will be extended to the partnership with Samsung Pay.

“Samsung puts customer experience at the center of everything we do and, through our partnership with Eftpos, we are providing Australian customers with more choice and control over their contactless payment transactions,” Mark Hodgson, Samsung Australia’s head of services said.

“We are proud to launch with Eftpos and Heritage Bank. This collaboration is a great example for how service providers can bring their best innovation together and deliver breakthrough experiences for Australians,” Hodgson said.

Samsung Pay is available across 69 financial institutions in Australia. Samsung Pay can also be used to “tap on and off” for trains, ferries, buses, and light rail in Sydney.