South African Online Payment Startup, PayGate Teams up With Samsung

PayGate, a subsidiary of South Africa’s DPO Group, has announced the addition of Samsung Pay as an additional payment method for its merchants.

The mobile payment solution enables secure and private mobile payments without the need to hand over cash or share payment card information for each new transaction.

“Samsung Pay eliminates the need to dig through a wallet or purse for payment cards, resulting in a more seamless payment journey.” Furthermore, each transaction is authenticated and authorized by the customer’s fingerprint or PIN on their Samsung device, adding an additional layer of security to online payments. Customers are more likely to complete the checkout process as a result,” says Eran Feinstein, CEO of DPO Group.

According to PayGate, Samsung Pay has implemented safeguards to ensure that no actual card information is stored on a customer’s device or on Samsung servers.

Instead, the card number is substituted for a token each time a payment is made, effectively creating a virtual version of the card with a completely different set of digits. This ensures that customer information is encrypted and secure.

“We are thrilled to be bringing Samsung Pay to PayGate merchants.” Our technology is helping to grow Africa’s ecommerce sector by making online shopping more convenient. This benefits everyone, from business owners and suppliers to customers. “Innovation that puts their needs first – foremost security and convenience – is fueling the rapid growth and adoption by both retailers and customers,” says Justin Hume, VP: Mobile at Samsung South Africa.

For online payments and checkout, Samsung Pay is integrated with a number of major banks, including Absa Bank, Capitec Bank, Discovery Bank, FNB, Investec, Nedbank, RMB Private Bank, and Standard Bank.

Merchants who want to accept Samsung Pay from their online customers can do so via their PayGate account.

“Customers can use Samsung Pay on their Samsung Galaxy smartphone to make faster and more convenient purchases in apps or on the web – without having to create accounts or type in shipping and billing information repeatedly,” Feinstein explains.

“Offering Samsung Pay as another payment option to our merchants is part of the DPO Group’s goal of providing our merchants with a diverse range of payment options.” “This integration exemplifies both teams’ dedication to innovation,” Feinstein says.