Royal Bank Of Canada Gets Personal Payment Card Support From Samsung Pay

Samsung Pay continues its expansion into Canada, with Royal Bank of Canada (RBC) personal payment cards now supported by the mobile payment system.

RBC joins existing Samsung Pay partners in Canada, including Canadian Imperial Bank of Commerce (CIBC), American Express Canada, ATB Financial, Interac Debit, Mastercard, Scotiabank and Visa Canada.

“We’re excited to work with RBC, a valued and longstanding partner, in delivering an exclusive, industry-leading mobile payment experience through Samsung Pay,” said Paul Brannen, COO and executive vice president of Samsung Electronics Canada. “Samsung Pay provides real-life benefits to Canadians, ensuring the cards they need are easily available on their smartphones.”

Research shows that more Canadians are utilizing mobile payments. In 2016, 29 percent of Canadians actively used their smartphones to make mobile payments. And 74 percent of mobile payers reported that they would like to see rewards programs and mobile wallets integrated to ensure they can redeem rewards points immediately.

Earlier this month, Samsung Pay debuted Samsung Rewards, which gives users reward points every time they use the Samsung Pay mobile payment service to make purchases.

With the program, it doesn’t matter what the customer purchases with his or her mobile device –rewards can be earned on credit and debit card transactions, as well as payments made via BHIM UPI, digital wallets, bill payments and recharges.

Samsung Pay, which is currently available in 20 countries around the world, provides its users with a simple mobile payment experience. Consumers can simply swipe up; scan their fingerprint, iris or input their four-digit PIN; and tap to pay.

There are also three different levels of security to enable more secure payments: fingerprint or iris authentication, tokenization and Samsung Knox, the defense-grade mobile security platform.

Samsung Pay supports eligible credit and debit cards from more than 870 major global and regional banks around the world. Expansion in Canada will continue as other partners join, including Tangerine and Peoples Card Services.