Samsung Pay and Finder launch credit card shopping feature

Sydney, Australia – November 7 2019 – Samsung Electronics Australia and Finder today announced the launch of Promoted Cards, a new credit card shopping feature for Samsung Pay, enabling everyday Australians to discover compelling credit card offers from participating financial institutions*. Promoted Cards is available to all Australian Samsung Pay users from today with the latest Samsung Pay software update.

The first-of-its-kind feature in Australia, combines Samsung Pay's secure digital payments platform and Finder's deep understanding of the Australian credit card market, to empower Australians to explore and choose credit cards that best suit their interests and priorities. Samsung Pay users can filter offers based on categories of their choice including balance transfer, frequent flyer, rewards program, no annual fee and low interest rate. Once an offer is selected, users need only to click to complete their application via the issuer site.

The adoption of digital wallets is rapidly growing in Australia, putting convenience at the front and centre. According to research from Finder, more than a quarter (26%) of Australians use their smartphone or smartwatch to make transactions. In fact, nearly one-in-ten (8%) say they use a digital wallet all the time.

Mark Hodgson, Head of Samsung Pay Australia said: "Samsung Pay is committed to empowering Australians' on-the go lifestyles. Australians are embracing the convenience of using digital wallets. This year, we have seen the number of transactions in Samsung Pay double.

"Promoted Cards enables Samsung Pay users to easily and conveniently discover and apply for some of the most competitive credit card offers available through the app they already use and trust to pay, all on the go.

"Our partnership with Finder, a market leader in credit card research and comparison, reflects our commitment to collaborating with partners to innovate and make life easier for Australians," added Mr Hodgson.

Frank Restuccia, Co-Founder and Director of Finder said: "This is the first time Finder has entered into a partnership with an app in Australia. The partnership has seen the alignment of two innovative and customer-centric brands, who are committed to providing Australians with the information they need and the latest technology to make personal finance easier."

Promoted Cards follows the success of similar solutions driven by Samsung in other countries including France, Switzerland, Mexico and Malaysia.

The launch of Promoted Cards follows Samsung Pay's announcement earlier this year to enable users to pay on the NSW Transport Opal system without unlocking their Samsung phone. In 2018, Samsung Pay also became the first smartphone digital wallet provider to partner with all of Australia's four major banks.

For more information on Promoted Cards, please visit: https://www.samsung.com/au/apps/samsungpay/promoted-cards-terms/

*Participating financial institutions at time of launch include American Express, Citibank and Virgin Money, with more issuers being added over time.

About Samsung Pay

Samsung Pay, a mobile payment service from Samsung Electronics, is simple, safe and works almost anywhere you can swipe or tap your card. Combining NFC with Samsung's proprietary MST technologies, Samsung Pay provides consumers with a way to pay almost anywhere you can swipe or tap a card at millions of merchant locations globally. Samsung continues to strategically expand its partnership ecosystem for Samsung Pay to help provide greater flexibility, access, and choice for customers while enabling an easy and safe payment experience. Samsung Pay is compatible with select cards and Samsung devices, and leading wireless providers. Visit http://www.samsung.com/au/apps/samsungpay/ to learn more.

About Samsung Electronics Co., Ltd

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com.

Samsung Pay is a Corporate Authorised Representative (CAR 518974) of Hive Empire Pty Ltd (trading as Finder). Australian Credit License ACL 385509.