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Sberbank plans to introduce Samsung pay technology in near future

October 28, 2016, 18:40 UTC+3 ANOSINO

In early October, Sberbank and MasterCard launched Apple Pay system

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ANOSINO, October 28. /TASS/. Sberbank is going to introduce Samsung pay technology in the near future, Sberbank CEO Herman Gref told reporters on Friday.

"We are currently working on Samsung pay. I think we will introduce it in the near future," he said.

Gref also noted that the bank is working to make Samsung pay and Apple pay available for cards of all payment systems, including Visa and Mir.

In early October, Sberbank and MasterCard launched Apple Pay system (Apple Corporation payment system) on the Russian market.

According to Sberbank, Apple Pay can be easily set up in the Sberbank Online mobile application, which is familiar to all Sberbank cardholders. Users can enjoy contactless payment service while continuing to receive all the benefits from using their credit and debit cards. Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch.

The payment system allows purchases using NFC (Near Field Communication) technology on smartphones, which can be used for payment in actual stores by holding an iPhone near the reader or within apps.

In the fall 2015, Apple’s South Korean competitor - Samsung - also announced the launch of its own NFC payment system called Samsung Pay.

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