Samsung Pay accessible on RAKBANK ATMs in UAE
To deliver this new service, RAKBANK has signed a partnership agreement with Diebold Nixdorf.
RAKBANK has entered into a strategic partnership with Diebold Nixdorf, an active player in the connected commerce market, to enable Samsung Pay on their ATMs. To date, the bank has adopted over 250 of Diebold Nixdorf's ATMs across all of its sites in the UAE.
Serving as an end-to-end contactless process, users can utilise the Samsung Pay mobile wallet on their smartphones to enables card less ATM cash withdrawals. Users accomplish this by tapping a near field communication (NFC) reader on the ATM with their respective mobile device.
Habib Hanna, Diebold Nixdorf managing director, Middle East, said: "Diebold Nixdorf was the first in the world to enable a live deployment and direct interaction between a phone and an ATM," said
"Years later, we continue to pioneer card less transactions with our mobile-enabled solutions that bridge the physical to digital worlds of cash to truly drive connected commerce."
A recent ATMMarketplace.com report noted that mobile integration is currently one of the top three trends currently driving the global ATM industry market. The report also highlighted that pre-staged mobile withdrawals will become the most popular and secure method for accessing cash.
Peter England, CEO of RAKBANK, shared: "We are the first bank in the Middle East to launch Samsung Pay solutions to ATMs and it not only simplifies the customer experience when withdrawing cash, but also offers them the utmost convenience.
"We are delighted to have worked with Diebold Nixdorf and Samsung Pay to take advantage of this innovative and reliable digital service. RAKBANK is fully committed to placing our customers' needs first and providing them with highly convenient, secure, and simple digital banking services," added Peter.