CONNECT WITH US
Fintech

Fintech

Samsung Adds QR Payment Feature to South African Digital Wallets

PYMNTS – Fintech logo

Published on

Add as a preferred source on Google
Samsung Adds QR Payment Feature to South African Digital Wallets

Samsung South Africa has added a new QR payment feature to its digital wallet.

Scan to Pay is designed to offer Samsung Galaxy users an alternative to physical cards and make checkout quicker, the tech company announced Friday (Aug. 28).

“Scan to Pay is designed to remove unnecessary friction from everyday transactions,” the company said in a news release. “There is no need to carry a physical card or navigate a complicated setup process. At participating locations, users can simply scan the QR code, authenticate their payment and complete their purchase.”

The feature is provided by Scan to Pay, a South Africa alternative payment solutions provider with “more than 600,000 acceptance locations across South Africa and over 19 million app inclusions across consumer banking, fintech and financial service provider applications,” Samsung added.

The goal here is to help “expand access to frictionless digital payments and accelerate the move towards a more cashless economy,” the release said.

The launch comes at a time when digital wallet usage is increasing both online and for in-store purchases, according to research from the PYMNTS Intelligence report “Apple Pay @11: Usage Is Up, but Competitors Are Gaining Ground.”

Upwards of 30% of consumers surveyed by PYMNTS said they had used a mobile wallet in a store during the previous week, more than twice the share reported two years earlier. The research also found that consumers increasingly fund wallet purchases with balances held directly with digital platforms.

“The movement toward stored balances gives digital wallets a broader role in the payment process,” PYMNTS wrote earlier this month.


Source link
Related Topics:Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.