Gemalto Partners with Samsung for the launch of Samsung Pay in Europe

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, joins forces with Samsung to accelerate the deployment of Samsung Pay through Gemalto’s Allynis Trusted Service Hub (TSH).
Samsung Pay is a simple and secure mobile payment service that will provide wider acceptance with NFC and MST(Magnetic Secure Transmission) working in most of merchant locations. Gemalto and Samsung are actively working with payment issuers to roll out Samsung Pay to Europe.
Gemalto’s Allynis TSH is a one-stop connection that offers payment issuers an accelerated path to launch mobile payment services, integrating streamlined user enrolment, service installation and lifecycle management of payment credentials or tokenization services. Onboarding for payment issuers is significantly simplified, without the need for massive new IT investments and rapidly offering a frictionless user experience across the full range of handset security models. Samsung Pay on the new Galaxy handsets benefits from a dedicated embedded secure element for storing sensitive credentials, while the Allynis TSH ensures that payment issuers can benefit from the maximum flexibility for future roadmaps.
“We are excited to work with Gemalto as they offer Gemalto’s Hub services to worldwide that offer a secure payment card digitization solution to Samsung Pay.” said Injong Rhee, EVP of Samsung Electronics, global head of B2B Solutions. “With Gemalto’s technologies, Samsung Pay will be able to deliver a simple, secure and everywhere mobile payment experience to more consumers.”
“Our role is to support our payment issuer customers and Samsung to accelerate bringing Samsung Pay to consumers, by bringing the most robust technology and connection services to the game. Our track record of serving banks and handling sensitive data, as well as our understanding of security management on mobile handsets are of critical importance for them,” says Teck-Lee Tan, Executive VP of Platforms and Services at Gemalto. “We have built our solution to take the technical complexity out of the equation for payment issuers, and we are ready to address our customers’ pain points around user enrolment and eco-system fragmentation.”