A Manitoba credit union is the first in Canada to launch Samsung Pay for completing retail Interac transactions within its industry.
Steinbach Credit Union now offers customers the ability to use their Samsung smartphones to withdrawal from their chequing and savings accounts at retailers displaying the Interac Flash logo.
SCU is one of three Manitoba credit unions to offer the technology, along with Assiniboine Credit Union and Cambrian Credit Union.
“Samsung Pay offers Canadian credit union members yet another digital payment option that is simple, secure and convenient,” said Martha Durdin, President and CEO, CCUA. “The Canadian credit union sector strives to provide the latest mobile payment options to meet the evolving needs of our members.”
Similar to Apple Pay for iOS, Samsung Pay is a safe and simple way to complete transactions using near-field communication (NFC) technology to process payments at tap-to-pay terminals.
Other Canadian credit unions involved in the development of Samsung Pay include:
- Affinity Credit Union
- Conexus Credit Union
- Connect First Credit Union
- First West Credit Union
- Libro Credit Union
- Prospera Credit Union
- Servus Credit Union