Samsung Pay has brought payment solutions outsourcer Cuscal onto its platform, meaning 38 Australian banks and credit unions have now enabled smartphone and watch payments for their customers.
Cuscal’s horde of financial institutions join existing members Westpac, Citibank and American Express on the contactless digital wallet. Their customers can now use Samsung phones and watches to make payments instead of carrying credit or debit cards.
The 38 organisations cover 1.7 million cardholders, according to Samsung, with the deal coming on the first anniversary of the system in Australia.
“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,” said Samsung Australia mobile vice president Richard Fink.
Financial institutions covered by Cuscal’s deal with Samsung include names like Credit Union Australia (CUA), Beyond Bank, Bank Australia and SCU.
“Our aim is to allow all of our clients to offer their customers the newest and best payment options available, to help them compete with much larger players,” said Cuscal product and service general manager Robert Bell.
“With the addition of Samsung Pay we continue to fulfil this promise to them.”
Here is the full list of financial institutions joining Samsung Pay this week:
- 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
- Customs Bank
- Defence Bank
- Firefighters Mutual Bank
- First Option Credit Union
- Holiday Coast Credit Union
- Horizon Credit Union
- Illawarra Credit Union
- Intech Bank
- Nexus Mutual
- Northern Beaches Credit Union
- P&N Bank
- People’s Choice Credit Union
- Police Bank
- QT Mutual Bank
- Queenslanders Credit Union
- Reliance Bank
- Select Encompass Credit Union
- South West Slopes Credit Union
- Teachers Mutual Bank
- The Mac
- The Rock
- Unity Bank
- WAW Credit Union Co-Operative
- Woolworths Employees’ Credit Union Limited
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