Samsung Pay is gearing up for its final phases of its launch here in Malaysia. Beta testing in selected retailers is currently underway, and a local launch is likely to take place within the next month or two.
According to a source close to the matter, Samsung has already begun beta testing Samsung Pay in Malaysia. Samsung is currently only limiting the beta test to employees, and they are required to test them at several retailers nationwide.
The source also stated that Samsung has already partnered with a local bank to push mobile payments in the country. While it is not confirmed, that bank is likely to be Maybank: the company not only launched its MaybankPay app recently, it also announced that Maybank cards will support Samsung Pay in Singapore beginning August 31 this year.
Of course, Maybank is likely to be one of many banking partners supporting Samsung Pay when it launches in Malaysia; Samsung would need the support of as many banking bodies as possible to embrace mobile payments.
The source, who declined to be named, also confirms that Samsung is aiming for a launch between October and November. Earlier this year the company officially confirmed that it will be launching Samsung Pay in Malaysia by Q4 of this year.
Samsung Pay is the company’s mobile payments solution, allowing users to keep their credit card information within the app, and make purchases using their smartphones. It is the only mobile payment service to support both NFC and legacy MST payments, giving it the largest compatibility among all mobile payment solutions currently available.