NEWS RELEASE
Visa and Samsung Sign Global Alliance Agreement to Accelerate Mobile (NFC) Payments
Financial institutions will be offered a secure service to download payment account information to Samsung’s mobile
devices.
New Zealand – February 26, 2013 – Visa and Samsung today announced a global alliance that combines Visa’s expertise in payments with Samsung’s
leadership in mobile device technology – an alliance that has the potential to significantly accelerate the availability
of mobile payments globally.
According to the agreement, financial institutions that are planning to launch mobile payment programs will be able to
use the Visa Mobile Provisioning Service[1] to securely download payment account information to NFC-enabled Samsung
devices. In addition, Samsung has agreed to load the Visa payWave applet onto its mobile devices featuring NFC
technology. Visa payWave is Visa’s mobile payment applet that enables consumers to make “wave and pay” contactless
payments using mobile devices.
“Samsung devices enabled with Visa payment functionality will no doubt be a powerful product offering – especially in
markets where paying with a mobile device is becoming commonplace,” said Jim McCarthy, global head of product, Visa Inc.
“However, the key to making mobile payments broadly available all over the world is to offer financial institutions a
secure way to provision millions of smartphones with payment account information – and that is exactly what Visa and
Samsung are ready to deliver.”
“Samsung has been a pioneer in NFC devices and is again leading the way in enabling NFC-based mobile payments. The
partnership with Visa represents a step towards a global mobile payment platform.” said Dr. Won-Pyo Hong, President and
Head of Media Solution Center, Samsung Electronics. “We believe that we have a strong value proposition for financial
institutions that will ultimately allow consumer choice in NFC payments.”
Near Field Communication (NFC) technology is the global communication standard that enables mobile devices to securely
communicate with a payment terminal. ABI Research forecasts that a total of 1.95 billion NFC-enabled devices will ship
in 2017[2]. The Visa Samsung global alliance is a first of its kind between a leading NFC handset manufacturer and
payment network that is paving the way for the implementation of large scale mobile payment programs. The initial areas
of engagement that the two companies have agreed to include:
• Global Strategic Alliance
Visa and Samsung have agreed to work together to enable the next generation of Samsung mobile devices with Visa payment
technology, and to partner with financial institutions to accelerate the availability of mobile payment solutions
globally.
• Samsung to Connect to Visa’s Mobile Provisioning Service
In order to enable financial institutions to launch large scale mobile (NFC) payment programs, Samsung will offer banks
the ability to load payment account information over-the-air to a secure chip embedded in Samsung devices, using Visa’s
Mobile Provisioning Service[3] which is linked to Samsung KMS (Key Management System) – a service that creates secure
data storage domains for issuers.
• Samsung Awarded Global Visa payWave License
The Visa payWave mobile applet will be preloaded onto selected next-generation Samsung mobile devices featuring NFC
technology and an embedded secure element. Off the shelf, these devices are ready to be personalized with Visa payment
account information – a simple step that consumers will be able to initiate using a mobile payment application provided
by their financial institution.
At Mobile World Congress 2013 in Barcelona, February 25-28, Visa will demonstrate Visa payWave for mobile and its Mobile
Provisioning Service that can be used by financial institutions to securely load payment account information to
NFC-enabled Samsung mobile devices. For more information, visit Visa at Mobile World Congress, Hall 6, Stand 6E40.
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About Visa Inc.
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments
in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the
world’s most advanced processing networks—VisaNet—that is capable of handling more than 24,000 transaction messages a
second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue
cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution
customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products.
For more information, visit corporate.visa.com.
About Visa Europe
Visa Europe is a payments technology business owned and operated by member banks and other payment service providers
from 36 countries across Europe. Visa Europe works at the forefront of technology to create the services and
infrastructure which enable millions of European consumers, businesses and governments to make electronic payments. Its
members are responsible for issuing cards, signing up retailers and deciding cardholder and retailer fees. As a
dedicated European payment system Visa Europe is able to respond quickly to the specific market needs of European banks
and their customers - cardholders and retailers - and to meet the European Commission’s objective to create a true
internal market for payments. For more information, please visit www.visaeurope.com
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through
relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers,
printers, cameras, home appliances, LTE systems, medical devices, semiconductors and LED solutions. We employ 236,000
people across 79 countries with annual sales exceeding KRW 201 trillion. To discover more, please visit www.samsung.com.
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[1] Visa’s Mobile Provisioning Services are not available in all territories
[2] Source: ABI Research, November 21, 2012 http://www.abiresearch.com/press/nfc-will-come-out-of-the-trial-phase-in-2013-as-28
[3] Visa’s Mobile Provisioning Services are not available in all territories
ENDS