Samsung and Mastercard to boost digital wallet offerings in the UK

By Gloria Methri

Samsung Electronics and Mastercard have announced their partnership on a newly launched Mastercard programme called Wallet Express. The service provides banks and card issuers with a swift and cost-effective means of expanding their digital wallet offerings.

By incorporating Wallet Express, issuers can provide their customers with Samsung Wallet. In turn, consumers have a wide range of ways to pay, including with their Galaxy wearable devices.

Teg Dosanjh, Vice President, of Samsung Electronics Europe, said, “We are excited to be joining Mastercard’s Wallet Express to give consumers more flexibility to make payments almost anywhere they need to. This partnership will give more people the opportunity to use the safe and secure Samsung Pay service on their Galaxy device”.

Samsung Wallet, which launched last year, brings together the mobile payment experience of Samsung Pay and Pass into a more comprehensive digital wallet. This allows users to organise digital keys, boarding passes, identification cards and more, in one, easy-to-use and secure mobile application.

Consumers across the United Kingdom are increasingly using digital wallets for both in-store and online payments. Building on the success of the launch of Wallet Express, Mastercard is also launching the next two iterations of 2024 of the Wallet Express Issuer Enablement Programme for all issuers in Europe.

The programme aims to further simplify the process for issuers in enabling and facilitating Samsung Pay. By participating in the programme, issuers can enhance their capabilities to support the wallet, ultimately empowering consumers with full payment options.

Valerie Nowak, Executive Vice President, Product & Innovation, at Mastercard Europe, said, “We are proud that Samsung is joining our Wallet Express programme, which provides consumers with a broad range of choices. It seamlessly integrates the wallet into their banking experience, allowing flexibility to decide how consumers make payments using their favourite Galaxy mobile and wearable devices”.