FinTech Magazine May 2024 | Page 37

SAMSUNG PAY

09 FOUNDED

Kyung Kye-Hyun CEO , Samsung

SAMSUNG PAY

REVENUE : US $ 194BN FY 2023 - SAMSUNG ELECTRONICS
EMPLOYEES : 270,000
CEO : KYUNG KYE-HYUN AND HAN JONG-HEE
: 1938 ( SAMSUNG )
The digital wallet for those with Galaxy devices – including smartphones and smartwatches – Samsung Pay empowers customers with a convenient payment option for shopping at virtually any location that accepts contactless payments . Utilising Samsung ’ s contactless payment technology is effortless ; users simply need to add their cards to Samsung Wallet and tap to complete transactions . Every transaction benefits from bank fraud protection and requires authentication via either fingerprint or PIN . Additionally , tokenisation enhances security by adding extra layers of protection .
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