Sunday 30, April 2017 by Jessica Combes

RAKBANK launches Samsung Pay in partnership with Samsung Gulf Electronics


RAKBANK has announced the launch of Samsung Pay mobile payment solutions to the Bank’s customers in partnership with Samsung Gulf Electronics.


With Samsung Pay, RAKBANK customers can make secure contactless payments using their Samsung smartphones at selected outlets.


“Our customers want access to the best technology and, in addition to the completely revamped RAKBANK Digital banking platform, Samsung Pay is another example of a digital solution that offers our customers more flexibility, convenience and choice. At RAKBANK, we are constantly introducing new, alternate channels that can facilitate the customer’s banking experience through several different digital touch points,” said Peter England, CEO, RAKBANK.


Samsung Pay is a highly secure platform as it works with three levels of security—fingerprint authentication, card tokenization that secures the card number registered on the phone and Samsung’s defense-grade mobile security platform Samsung KNOX. 


“The UAE is becoming a market where banking and mobile payments are a lifestyle that is increasingly being demanded. We are pleased to be partnering with RAKBANK to provide customers with a wide range of choices when it comes to making purchases, through Samsung Pay. We are committed to making Samsung users, lives easier and RAKBANK customers will be able to use our digital solution with more flexibility, convenience, and choice,” said Mohammad Gharaibeh, Head of Enterprise–Mobile Business, Samsung Gulf Electronics.




Features & Analyses

Investment Banking Creating a diverse bond market

In an exclusive mini roundtable, Nabilah Annuar, Banker Middle East Editor, sits down with Michael Grifferty, President of the Gulf… read more