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Samsung Electronics France Announces Samsung Pay Compatibility with PFS Partner PCS’ Prepaid Cards in France

April 3, 2019

LONDON--(BUSINESS WIRE)--Apr 3, 2019--Samsung Electronics France has announced the compatibility in France of Samsung Pay services with PCS Mastercard payment cards from Prepaid Financial Services (PFS). From today, the users of PCS cards in France and holders of Samsung smartphones will be able to use Samsung Pay to pay for their purchases in store with their smartphone.

The unrestricted payment solution is available and reloadable online at 32,000 stores across France. This offers significant advantages in many daily purchasing situations, travelling, budgeting or paying without transmitting bank details.

With Samsung Pay, PCS cardholders will now be able to make payments without having to take out their card and receive notifications of their purchases immediately. The service is fully secure thanks to biometric identification (or PIN code) and data encryption by Samsung Knox.

Laurent Moquet, Director of Marketing B2B IM with Samsung Electronics France stated: “This partnership with PFS is perfectly in line with our desire to offer Samsung Pay users more flexibility and possibilities. The availability of PCS Mastercard prepaid cards on Samsung Pay enriches our service and positions it as the most complete mobile payment solution on the market.”

Olivier Gabrielli, Head of Innovation & Digital Payments at Mastercard France explained: “We are pleased to work with PCS and Samsung to allow PCS Mastercard cardholders to pay for their purchases in a simple and secure way with their Samsung mobile. Thanks to Mastercard’s MDES tokenization solution, we are expanding the use of cards in the digital world.”

Valerie Moran, Head of Operations & Client Relations at PFS stated: “This is an exciting alignment with PCS, Samsung Pay and PFS. Over half a million people are set to benefit from this significant mobile payment development available with PCS Black, PCS Infinity and PCS Chrome Mastercard prepaid cards.”

About Samsung

Samsung Electronics inspires the world and shapes the future with transformative ideas and technologies that give people the power to discover new experiences. With a constant focus on innovation and discovery, we keep redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. Samsung Electronics is committed to improving the global community and delivering groundbreaking innovations that enhance people’s everyday lives. news.samsung.com.

About Mastercard

Mastercard (NYSE: MA),  www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter  @MastercardNews, join the discussion on the  Beyond the Transaction Blog  and  subscribe  for the latest news on the  Engagement Bureau.

About PFS

PFS provides world-class payment technology solutions offering comprehensive innovation in electronic money. As a pioneer in the evolution of the FinTech ecosystem, its award-winning solutions include e-wallets, physical and virtual prepaid cards and IBAN accounts in the UK and Eurozone. Prepaid Financial Services Limited, trading as PFS, is Authorised by the Financial Conduct Authority in the United Kingdom.

PFS is one of Europe’s largest e-money issuers and has returned profits for 10 consecutive years. With programmes active in 25 countries and growing, the company has the ability to transact in 23 currencies. PFS’ products and state-of-the-art technology platforms are trusted by governments, local authorities, NGOs, mobile network operators, banks and corporate clients globally. PFS is an agile FinTech chosen by other FinTechs to revolutionise the digital economy securely and in real-time.

Explore the future of prepaid financial solutions today as the world moves towards a cashless society tomorrow by visiting https://prepaidfinancialservices.com and discover more about PFS’ next-generation payment solutions. Contact Sales@PrepaidFinancialServices.com

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190403005348/en/

CONTACT: Press contact

Marie O’Riordan MPRCA MAM

Senior Public Relations & Communications Manager

Prepaid Financial Services (PFS)

EmailMarie.ORiordan@PrepaidFinancialServices.com

Tel +442071835856 / +353469079073

KEYWORD: UNITED KINGDOM EUROPE FRANCE

INDUSTRY KEYWORD: TECHNOLOGY ONLINE RETAIL NETWORKS SOFTWARE SECURITY MOBILE/WIRELESS PROFESSIONAL SERVICES FINANCE RETAIL

SOURCE: Prepaid Financial Services

Copyright Business Wire 2019.

PUB: 04/03/2019 05:24 AM/DISC: 04/03/2019 05:23 AM

http://www.businesswire.com/news/home/20190403005348/en