Samsung Vietnam teams up with Shinhan Bank Vietnam on digital payments

June 15, 2023 | 15:27
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In a landmark move, Samsung Vietnam and Shinhan Bank Vietnam have joined hands, etching an MoU to revolutionise the digital payment arena in Vietnam on June 14.
Samsung Vietnam teams up with Shinhan Bank Vietnam on digital payments

This strategic partnership marries the cutting-edge Samsung Wallet digital wallet with Shinhan Bank's financial solutions, uniting forces under the banner of "Safe Storage - Easy Payment."

Against the backdrop of Vietnam's burgeoning appetite for mobile payments in everyday transactions and leisure pursuits, this collaborative relationship aims to deliver a seamless and impregnable digital ecosystem, facilitating a world of convenience and comfort for both Galaxy smart device users and Shinhan Bank customers.

Lee Chung Lyong, general director of Samsung Vina Electronics said "Amidst Vietnam's digital transformation wave, I firmly believe that the synergy between Shinhan Bank and Samsung will leverage each other's strengths to create an integrated and comprehensive digital payment platform tailored to Vietnamese consumers."

As mobile technology relentlessly shapes the fabric of everyday life, particularly in Vietnam's bustling metropolises, the need for avant-garde, secure financial solutions becomes increasingly pressing.

The fusion of the Samsung Wallet digital wallet platform with Shinhan Bank's modern payment solutions assumes the vanguard of this new trend, bestowing Vietnamese users with tools necessary to embrace the digital lifestyle.

The partnership between Samsung and Shinhan Bank offers Galaxy smart device users the ability to seamlessly link their accounts with Shinhan Bank cards through the integrated Samsung Wallet digital wallet, facilitating quick and convenient payments.

With Samsung's cutting-edge management features and top-notch security platform, this collaboration aims to bring users convenience and peace of mind when it comes to mobile payments for their daily activities.

In addition to enhancing mobile payment capabilities, the collaboration opens up new possibilities to meet the digital lifestyle needs of Galaxy device enthusiasts.

Users can now benefit from Samsung's diverse ecosystem, as special promotions from Shinhan Bank for products and services of South Korean companies in Vietnam will be integrated and directly managed within the Samsung Wallet digital wallet. Users can now revel in a life rich with premier services, fortified by the impenetrable fortress of Knox Guard, ensuring the highest echelons of security in mobile payments.

Kang GewWon, CEO of Shinhan Bank, echoed this sentiment, saying that this strategic partnership with Samsung will serve as a pivotal catalyst in Vietnam's digital transformation journey, propelling secure mobile payments to the vanguard of consumers' preferred payment solutions.

“By combining Shinhan Bank's specialised financial solutions with Samsung's security capabilities, we are confident that this cooperation can enhance the capacity of mobile payment methods and transform them into the preferred payment solution for all customers in Vietnam," he said.

The proliferation of Samsung Wallet payments on Galaxy smartphones is expected to bring positive development to Vietnam's digital lifestyle.

By leveraging API integration from Shinhan SOL Vietnam, Shinhan Bank's e-banking application, users can synchronise their cards with the Samsung Wallet app, empowering them to "save to Samsung Wallet."

This streamlined feature encompasses all integrated cards supported by Samsung Wallet, along with dedicated cards catering to specialised services such as BAEMIN, Korean Air, Lotte Visa Card, and even student cards.

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By Kim Dinh

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