Heritage Bank: eftpos transactions now available on Samsung Pay

  • Samsung Pay, a mobile payment service from Samsung Electronics, simple, safe and works almost anywhere you can swipe or tap your card
  • eftpos Australia’s own debit card network, accounting for more than 2 billion CHQ and SAV transactions in 2019
  • Samsung Electronics Australia and eftpos announced a partnership allows tokenized, contactless transactions to made on Samsung Pay
  • Heritage Bank the first issuer to launch the solution which allows users on Samsung Pay to choose between making debit card payments via eftpos
  • Once issuers integrated with the eftpos tokenized solution, millions of Australians will be able to pay using their eftpos cards on Samsung Pay
  • eftpos payment capability embedded into every debit card in Australia and this provides two main benefits for users
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Elizabeth Warren Questions MrBeast’s Purchase of Teen Fintech Step

The senator raises concerns about the implications for youth financial services.Highlights: Senator Elizabeth Warren questions MrBeast's fintech acquisition.Warren...

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...