#BigTech #PayTech / Samsung Pay taps Solarisbank to connect with any German bank account

Samsung has joined forces with Visa and Solarisbank to enable Germans to link an account with almost any bank to its contactless mobile payments service.

In a European first, people who register for Samsung Pay will receive a virtual Visa debit card which they can link to “almost any” German bank account.

Solarisbank is providing the technology to connect Samsung Pay to bank accounts, using what it calls a “novel and convenient” KYC process which does not require a video identification or a branch visit.

Users will also get access to Solarisbank’s Splitpay product, enabling them to pay for purchases over EUR100 in installments over a period of up to 24 months.

https://www.finextra.com/newsarticle/36648/samsung-pay-taps-solarisbank-to-connect-with-any-german-bank-account