International Finance
Banking

Samsung Pay and Contis join forces to drive financial inclusion

Contis, Samsung Pay, financial industry, technology, Europe, UK, credit union, banking, payments
The agreement marks Samsung Pay’s entry into the Credit Union market and signals an important milestone in its wider expansion into the financial services sector

Contis, a leading provider of end-to-end banking, payments and processing solutions in the UK and Europe, announced its landmark partnership with Samsung Pay, the mobile payment and digital wallet service.

Contis is the first payments provider to integrate Samsung Pay’s market-leading functionality across a Credit Union proposition delivering the service to over 150 Credit Unions across the UK and providing members with the ability to leverage technology to manage their finances more effectively, at a time of increasing budgetary pressure.

Samsung Pay will also be integrated into Contis’ Canvas proposition, a white label solution that provides companies with a powerful, configurable end-to-end platform that is supported by licences enabling deployment throughout Europe. Canvas and Samsung Pay together are creating a one stop solution for business banking by giving companies the power to enhance their business through award winning functionality supported by a world leading brand.

Following the launch to Contis’ Engage customers, further rollout across the business’ Canvas proposition will take place later this year.

Commenting on the launch Flavia Alzetta, Chief Executive Officer, said: “Our partnership with one of the most innovative companies in the world is testament to the power of our platform and our commitment to developing financial solutions that meet the changing needs of our customers.

“Together, our solutions and scale will not only allow us to tackle the issue of financial exclusion, but through combining Samsung Pay’s functionality with our configurable Canvas platform, we will be able to facilitate the wider evolution of financial services.”

Commenting on the partnership, Kyle Brown Head of Technology, Services and Launch Management at Samsung Electronics, said:

“We are delighted to be partnering with Contis as part of our dedication to developing an open ecosystem of devices that enhance our customer’s experience. The partnership not only provides us with the ability to deliver our leading solutions to a new user base, but also represents an important milestone as we continue to diversify our service offering into financial services.

“In Contis, we have a found a partner that shares our thirst for innovation and we look forward to working with them closely to deliver this exciting project.”

What's New

IF Insights: Australia’s big fight against scams

IFM Correspondent

China mandates banks for USD 2 billion bond issuance in Saudi Arabia

IFM Correspondent

Jordan Ahli Bank’s vision: A future of shared prosperity

IFM Correspondent

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.