Contis aligns with Samsung Pay for credit union push

Contis is the first payments provider to integrate Samsung Pay’s market-leading functionality across a Credit Union proposition delivering the service to over 150 Credit Unions across the UK and providing members with the ability to leverage technology to manage their finances more effectively at a time of increasing budgetary pressure.

The agreement marks Samsung Pay’s entry into the Credit Union market and signals an important milestone in its wider expansion into the financial services sector as the business looks to leverage its market share in Android handset sales.

Samsung Pay will also be integrated into Contis’ Canvas proposition, a white label solution that provides companies with a powerful, configurable end-to-end platform that is supported by licences enabling deployment throughout Europe. Canvas and Samsung Pay together are creating a one stop solution for business banking by giving companies the power to enhance their business through award winning functionality supported by a world leading brand.

Following the launch to Contis’ Engage customers, further rollout across the business’ Canvas proposition is taking place later this year.

Commenting on the launch Flavia Alzetta, Chief Executive Officer, said:
“Our partnership with one of the most innovative companies in the world is testament to the power of our platform and our commitment to developing financial solutions that meet the changing needs of our customers.
“Together, our solutions and scale will not only allow us to tackle the issue of financial exclusion, but through combining Samsung Pay’s functionality with our configurable Canvas platform, we will be able to facilitate the wider evolution of financial services.”

Commenting on the partnership, Kyle Brown Head of Technology, Services and Launch Management at Samsung Electronics said:
“We are delighted to be partnering with Contis as part of our dedication to developing an open ecosystem of devices that enhance our customer’s experience. The partnership not only provides us with the ability to deliver our leading solutions to a new user base, but also represents an important milestone as we continue to diversify our service offering into financial services.

“In Contis, we have a found a partner that shares our thirst for innovation and we look forward to working with them closely to deliver this exciting project.”