Visa strikes deal with Samsung for its NFC payWave app to go on mobiles

26 February 2013

Samsung has signed a deal at the Mobile World Congress (MWC) with Visa so that the South Korean giant’s mobile phones will come pre-loaded with Visa’s contactless payWave app, which uses near field communication (NFC) technology to enable customers to tap and pay for goods in shops.

The deal covers Samsung’s ‘next generation’ mobile smartphones like the Galaxy III S and means the phone manufacturers devices will be delivered with Visa payment account information which can be switched on by the consumer. The South Korean firm’s Key Management System will provide security alongside Visa’s Mobile Provisioning Service and banks’ usage of over-the-air (OTA) in-built secure element chips, which will allow bank accounts to be assigned to the app.

According to Mariano Dima, European vice president of Visa Europe: "A Samsung device equipped with the Visa contactless payment service is a powerful proposition and will allow us to make mobile payments a reality for people around the world."

• The Mobile World Congress (MWC) 2013 trade show runs 25-28 February this week in Barcelona, Spain. Bobsguide has a reporter at MWC 2013 and will produce a subsequent full report on it, with follow-up interviews and articles to come. Please visit our blog section. For last year's 2012 show report please click here.

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