Samsung Wallet to Launch Soon in South Africa

Samsung Wallet to Launch Soon in South Africa

By the end of 2022, 13 additional nations, including South Africa, will offer Samsung Wallet, an all-in-one digital wallet app. Samsung Wallet, which launched in June 2022, combines the functions of the company’s password manager, Samsung Pass, with digital payment software Samsung Pay. In South Africa, Samsung Pay was launched in 2018 to allow users to pay with simply their smartphone at any terminal that accepts contactless payments or bank card swipes.

Most significant banks in South Africa, including Absa, Capitec, Discovery Bank, FNB, Nedbank, and Standard Bank, already accept Samsung Pay. It enables customers to load their bank and loyalty cards on the app and tap-and-go pay at NFC-enabled payment terminals with their Galaxy smartphone or smartwatch.

Samsung Pass is the brand’s password manager. It stores passwords and enables quick access to apps and services on devices when the user is signed into their Samsung account. With the help of the Samsung Knox security platform, which allows fingerprint recognition and data encryption, Samsung Wallet is safeguarded.

Furthermore, according to Samsung, “especially important documents” were kept in a setting that was segregated from the rest of the building, adding another level of security against any electronic and physical hacking efforts. Users can add their digital house and car keys, as well as digital assets like bitcoin, to Wallet in addition to the bank cards accepted by Samsung Pay.

Those who frequently travel, whether by car or public transportation, will also find the program to be handy. Driver’s licenses, ID cards, and digital versions of your travel passes, such as boarding passes or bus tickets, can all be added to Samsung Wallets. The latter could be useful to South Africans, as transport minister Fikile Mbalula recently said his department was readying a digital driver’s licence card for rollout within the next three years.

It will follow the launch of a new, modernised physical licence card set to roll out towards the end of 2023. In addition to South Africa, Samsung Wallet will be rolled out to the following countries before the end of the year: Bahrain, Denmark, Finland, Kazahkstan, Kuwait, Norway, Oman, Qatar, Sweden, Switzerland, Vietnam and the United Arab Emirates (UAE).

 

Author

  • Joel Nwankwo

    Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

Joel Nwankwo

Storyteller and Data analyst. Passionate about startups and innovators leveraging tech to promote financial and social inclusion in Africa and for Africans

Leave a Reply

The Ouut 2022
Share via
Copy link
Powered by Social Snap