PayGate, a subsidiary of South Africa’s DPO Group, has announced that it is now accepting Samsung Pay as an additional payment method for its merchants.
Eran Feinstein, CEO of DPO Group, commented on the news, saying that Samsung Pay offers a more frictionless payment journey by eliminating the need for users to browse through their wallets for payment cards. Users may now make faster and more comfortable purchases in applications or on the web without registering accounts or filling in shipping and billing information several times.
Customers will benefit from this for online transactions because Samsung Pay is already integrated with several prominent South African banks, including Absa Bank, Capitec Bank, Discovery Bank, and First National Bank.
Feinstein said that each transaction is confirmed and authorized by the customer’s fingerprint or PIN on their Samsung smartphone, adding extra protection to online payments.
PayGate stated that Samsung Pay has put procedures in place to ensure that actual card information is never saved on a customer’s device or Samsung servers. This is to address data privacy concerns that may come from consumers having to insert fingerprints and PINs into their Samsung smartphones.
Instead, the card number is exchanged with a token each time a payment is made, producing a virtual version of the card with a whole different set of digits. According to PayGate, this ensures that consumer information is protected and secure.
