Samsung Pay: Supported banks in Malaysia
Samsung Pay was launched in Malaysia, helping the nation take another step towards a cashless society and furthering mobile payment adoption. But it is integrated into selected Samsung Galaxy models and ultimately up to the banks and card providers in a particular country to enable official support for their credit and debit cards so that they can work with Samsung Pay.
Samsung Pay Malaysia: Supported banks
- CIMB Bank
- Citibank
- Hong Leong
- Maybank
- Public Bank
- RHB
- Standard Chartered
Keep checking your current bank or card provider if they don’t support Samsung Pay.
Samsung Pay: Supported Device
Device with the latest Android 6.0.1 or higher which are:
- Galaxy S6 edge+
- Galaxy S7 or Galaxy S7 edge
- Galaxy Note5
- Galaxy A7 (2016 & 2017 models)
- Galaxy A5(2016 & 2017 models)
How to use Samsung Pay
- Download and install the Samsung Pay app on your phone.
- Register your fingerprint on the device which will serve as your authentication providing a high level of security.
- Scan your credit or debit cards using the camera. If the scanning doesn’t work, you can input manually your details. Make sure all the details is correct.
- Verification process might need depending on the agreement with your banks. The verification code will be send to you via SMS.
How does it work?
Samsung Pay uses a technology called Magnetic Secure Transmission (MST) and Near Field Communication (NFC) to make secure mobile payment transactions. NFC works by tapping your device against tap-to-pay terminals, while MST is an older technology that picks up a magnetic signal which is similar to the magnetic strip found on the back of your cards.
How do I make a payment with Samsung Pay?
- Launch your Samsung Pay, verify your identity with your fingerprint or PIN (you have to select your preferred mode), tap your phone against the payment terminal. Payment complete and you should receive a notification with transaction details after each Samsung Pay purchase you make.
- Also, Samsung Pay will be recorded the last 10 transactions you make in the app for one month from the date of purchase.
Can I use Samsung Pay overseas?
Good news for all those that travel and want to use Samsung Pay. It is currently available in South Korea, United States, China, Spain, Australia, Puerto Rico, Singapore, Brazil, Russia and Thailand. Make sure your card allows you to spend internationally; it should also work with Samsung Pay. However, it is advised to check with your issuing bank for their policies on foreign transactions
How safe is it?
According to Samsung, it’s a safe and secure way to make payment because it uses tokenization, a secure environment, and Samsung KNOX to keep your information safe. Some more, you need to verify your identity with your fingerprint or personal PIN.
The good news is Samsung Pay does not store your card details on the device so even if your phone is stolen, you can use Samsung’s Find my Mobile service to disable Samsung Pay or even remove all registered cards. Instead, the tokenization keeps your data secure because each time a purchase was made; your Samsung Pay sends two pieces of data to the payment terminal. The first represents your card details and the second is a one-time code generated by the phone’s encryption key. This code wouldn’t be used again, so it’s unique to your every purchase, making it very secure.