From here on out, Sicredi customers can link their credit and debit card to Samsung Pay in Brazil, bumping the total number of supported financial institutions in the region up to twelve. The new-found support will allow those with access to a compatible handset to use the service to complete transactions both online and in-store, using either MST or NFC for the latter.
“This is another partnership that brings convenience and safety to members, making their day to day more practical and uncomplicated,” said Head of Planning and Product Control at Banco Cooperativo Sicredi, Gisele Rodrigues, before reiterating that customers will first have to authenticate themselves using either a PIN or fingerprint recognition before making a transaction.
Here's a look at all the supported banks in the region:
- Banco do Brasil
- Banco Inter
- Banco Neon
- Banrisul
- Banco Bradesco
- Brasil Pre-Pagos
- Caixa Econômica Federal
- Itaú Unibanco
- Porto Seguro
- Santander
- Sicredi
- Uniprime Norte do Paraná
Samsung Pay is one of the world's leading mobile payment solutions, with a significant market share in the United Kingdom and the Untied States. For that reason, it should come as no surprise to hear that US retailer Target recently announced a new initiative to modernize its brick-and-mortar stores with the introduction of support for the platform in its NFC form, building on the existing MST gateway.
