Enabling secure mobile payments with Visa Token Service
HONG KONG, May 25, 2017 /PRNewswire/ -- Visa announced support for Samsung Pay in Hong Kong today. Consumers can now pay with their Visa cards from participating issuers, using compatible Samsung mobile devices to pay at stores. With Visa's extensive acceptance network in the market, it enables another fast, easy and secure way of mobile payment to Visa accountholders in Hong Kong.
"Around 8 in 10 (78%) of the Hong Kong people are likely to adopt new ways to paying, and picking smartphone as a device for everyday payments[1], we are confident the launch of Samsung Pay will provide more convenience and further accelerate the growth of mobile payment capability in Hong Kong. In addition, currently one-fifth of all Visa contactless transaction are made through smartphones[2], we can see that Visa customers are getting comfortable using mobiles to conduct payments," said Caroline Ada, Country Manager of Visa Hong Kong and Macau.
Samsung Pay is supported by Visa Token Service technology that replaces cardholder information with a unique digital identifier without exposing sensitive account information. It is an added security layer that makes mobile payments more secure for everyone, everywhere.
For more information on Samsung Pay, visit: http://www.samsung.com/hk/samsungpay/ or http://www.visa.com.hk/en_HK/samsungpay.shtml or contact your financial institutions for more details.
| [1] Visa Mobile Payment Attitudes Study by YouGov, 2016. |
| [2] As of March 2017. |
About Visa
Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks -- VisaNet -- which is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates or fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information: visit www.visa-asia.com, visaapnews.asia and @VisaNews.
Media Contact:
Kaman Ho
Corporate Communications
Visa Hong Kong Limited
Email: kamho@visa.com
Tel: +852 2842 2321 / 9212 2045
