Mastercard rolls out Samsung Wallet in Qatar

On the cusp of the Fifa World Cup 2022,  Mastercard has unveiled Samsung digital wallet in Qatar to allow cardholders to complete secure contactless payments at several online and in-store outlets around the world.

The move serves to elevate cardholders’ purchasing experience and broaden residents’ access to advanced digital solutions.

Country manager at Mastercard in Qatar and Kuwait, Erdem Çakar, said: “We are delighted to join forces with Samsung to introduce Samsung Wallet in Qatar, further accelerating the market’s digital transformation journey.

“Mastercard’s New Payments Index found that 85 per cent of people in the Mena region have used at least one emerging payment method in the last year, signalling a clear move to a more digital, more connected future.

Head of MX sales at Samsung Gulf Electronics, Mandar Karkhanis, said: “Our partnership with Mastercard is a critical step for the brand as we continue expanding our outreach to consumers in the region so they may avail of next-generation payment solutions. We are currently working to maximize traffic by adding even more features to Samsung Wallet for our customers to benefit from seamless journeys, both in and out of the digital sphere. We look forward to this next step with Mastercard.”

Samsung Wallet is a seamless and secure solution for users to complete payments. Soon, it will be equipped with additional features like storing sensitive documents such as IDs, electronic keys and boarding passes accessible with a single swipe.

To activate Samsung Wallet, customers can download the Samsung Wallet App from Galaxy Store, log in to their Samsung account directly from Samsung Wallet App to set their PIN and fingerprint, then tap on ‘add card’ and scan or manually enter their Mastercard card number.

According to Statista, the total transaction value in the digital payments segment in Qatar was projected to reach $5.58 billion by the end of this year.

This value is expected to increase at a compound annual growth rate of 13.40 per cent for the period 2022-2027, resulting in a projected total amount of $10.47 billion by 2027.