Swiss financial services provider Payrexx expands mobile payment in online stores with Samsung Pay
The Swiss FinTech company Payrexx integrates the mobile payment solution Samsung Pay for Swiss e-commerce merchants and thus expands the payment options in online business as a financial service provider.
Through Payrexx 's partnership with Samsung, Payrexx users in Switzerland can seamlessly offer mobile payments via Samsung Pay. Samsung Pay is the mobile payment solution for Samsung Galaxy smartphones and the Galaxy Watch. The app offers worldwide, contactless payments in face-to-face business as well as browser-based online and in-app payments in distance business with the deposited credit, prepaid or debit card.
In recent years, there has been a significant increase in the area of mobile payments. According to studies , payment by smartphone is becoming increasingly widespread in both stationary and online retail and is likely to continue to grow strongly in importance in the future. A survey on the preferred payment method for Internet purchases in Switzerland revealed that 51% of respondents prefer mobile payment.
The first Payrexx merchants already benefit from the mobile payment solution
The availability of Samsung Pay has met with great interest among Payrexx users. The first 100 merchants have already activated the new payment method. Among them is Parking Luzern.
The website of Parking Luzern offers various possibilities around parking in the city of Luzern. Not only can all available parking garages and their occupancy be viewed, but a comprehensive range of different parking options is also provided. To facilitate online payments of the "Luzerner Parkkarte", Parking Luzern relies on the payment solution of Payrexx, which offers the most common payment methods including Samsung Pay from a single source.
"Making the most popular payment methods available not only makes it easier to complete a purchase, but also makes it much more attractive."
- Etienne Bucher, Managing Director of Tiefgarage Bahnhofplatz AG, Lucerne.
Website and Checkout Parking Lucerne
A cooperation with a lot of potential
Samsung Pay and Payrexx both recognize great potential in this partnership.
Ivan Schmid, CEO and co-founder of Payrexx says:
"The success of our users is our top priority. Intelligent payment methods that meet all requirements for user-friendliness, security and speed are essential for a successful purchase. We are pleased to be able to offer our merchants and their customers an all-round first-class user experience through our cooperation with Samsung Pay."
Dario Casari, Country Manager at Samsung Switzerland, is also pleased about the collaboration:
"Together with Payrexx, we are pleased to be able to further increase the acceptance of our mobile payment solution in the online sector as well. With this step, we want to further simplify secure, mobile and contactless payments for our users."
This is how payment with Samsung Pay works
It's easy for customers to use: select Samsung Pay in the checkout, enter the email address of the Samsung account (only on desktop PCs or tablets) and authorize the payment on the smartphone. This works securely via fingerprint or PIN, and the purchase is processed in a few seconds. No other payment data is required to pay for online purchases with Samsung Pay. With the help of two-factor authentication, tokenization and encrypted transmission, customer information remains protected. In addition to tokenization, Samsung Pay also supports pre-authorization.
This is Payrexx
Payrexx was founded in Thun in 2015 and specializes as a payment institution in the processing of digital payment methods. As a registered payment facilitator of Mastercard and VISA, the Swiss company operates a self-developed payment platform. More than 40,000 customers across Europe process their payment transactions via the cloud-based platform. These range from regionally strong companies such as BKW, Swiss Youth Hostels and Swissmilk to large corporations such as SBB, Swiss Post, Swisscom and ALDI Suisse.
The platform brings together over 40 payment providers and more than 200 payment methods and currencies from around the world via a single interface. These include popular payment methods such as Mastercard and VISA, as well as Samsung Pay, PostFinance and PayPal.
All Payrexx systems are designed with redundancy, guarantee the highest level of fail-safety and are certified according to the strictest PCI-DSS Level-1 guidelines.
This is Samsung Electronics
Samsung Electronics Co., Ltd. inspires people and shapes the future with ideas and technologies that improve our lives. The company is transforming the world of televisions, smartphones, wearable devices, tablets, cameras, home appliances, medical devices, networking systems, semiconductors and LED solutions. Discover the latest news, background information and press materials at www.samsung.com/ch and in the Samsung Newsroom at news.samsung.com/ch.
