Finance Breaking news Samsung Pay taps Solarisbank to connect with any German bank account last financial news
Breaking-Finance.Com - Samsung has joined forces with Visa and Solarisbank to enable Germans to link an account with almost any bank to its contactless mobile payments service.
Breaking-Finance.Com - Samsung has joined forces with Visa and Solarisbank to enable Germans to link an account with almost any bank to its contactless mobile payments service. In a European first, people who register for Samsung Pay will receive a virtual Visa debit card which they can link to "almost any" German bank account.Solarisbank is providing the technology to connect Samsung Pay to bank accounts, using what it calls a "novel and convenient" KYC process which does not require a video identification or a branch visit.
.Users will also get access to Solarisbank's Splitpay product, enabling them to pay for purchases over EUR100 in installments over a period of up to 24 months.Man-Young Kim, president, Samsung Electronics GmbH, says: "Instead of entering into numerous partnerships with various banks, we decided to trust in the proven track record and neutrality of Solarisbank. "The combination of technological and regulatory know-how for a fast and compliant product development has made a lasting impression on us."
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