That’s an important step in the partnership between Samsung and Solarisbank
Samsung has teamed up with Solarisbank to bring Samsung Pay to Germany.
The user receives a virtual Visa debit card that can be linked to almost any German bank account after the registration for Samsung Pay.
The encrypted payment information is then securely transmitted to the card reader via NFC and the payment is settled.
The report reveals that Samsung Pay also includes Solarisbank’s new installment product Splitpay.
That means that purchases over €100 can be converted into installments and paid over a period of up to 24 months.
We’ve reported that Samsung Pay has become available to TransferWise card members in the UK.