10% Cashback on all Restaurants & Coffee shops in Kuwait when customers use Gulf Bank Credit or Prepaid cards with Samsung Pay during Introductory Offer

Kuwait, 01 February 2021: As part of its commitment to drive innovation and advance customer satisfaction, Gulf Bank has launched “Samsung Pay”, a new payment method that enables credit, debit and prepaid cardholders to pay using their Samsung devices, including smartphones and smartwatches. The mobile payment and digital wallet service works using Gulf Bank’s Tap & Pay contactless payment technology, making the shopping experience much more convenient and secure for customers.

In conjunction with the launch of the Samsung Pay service, Gulf Bank is also offering customers 10% cashback on all restaurants and coffee shops in Kuwait when customers make payment with their Credit or Prepaid Card using Samsung Pay from February 01, 2021 to March 31, 2021.

Samsung Pay is backed by Mastercard’s advanced Tokenization platform, offering users higher transaction security and greater transparency while making purchases. The technology replaces sensitive cardholder information with an alternate card number or token that is used by the payment device and merchant, reducing the possibility of fraud. Introduced recently, Mastercard’s MDES for Merchants (M4M) offering also protects the interests of merchants, as shopping goes increasingly digital and more businesses tap into e-commerce potential.

Mr. Ahmad Al Amir, Assistant General Manager of Corporate Communications at Gulf Bank, said: “Now more than ever, we are looking to introduce banking services that prioritize convenience and speed, without compromising security. We are proud to launch the Samsung Pay digital wallet service, which will allow our customers to pay for purchases in-store and at points of sale using their Samsung smartphones and smartwatches. With this new service, customers can pay for their purchases at any store in Kuwait or abroad using only their mobile phones or smartwatches and complete their shopping experiences with more ease and security than ever before.”

Mohamed Debbagh, Director, Country Business Development, Kuwait, Mastercard added, “The COVID-19 pandemic has highlighted the importance of contactless and accelerated the shift towards digital across various industries. Mastercard has been at the forefront of integrating issuers’ cards with popular mobile wallet services and as banks look to expedite their digital transformation efforts, we’re in a unique position to leverage our expertise in technology and act as an enabler for products that can assure consumers of both convenience and security at the same time.’”

Samsung Pay is available at most local stores and points-of-sale that accept contactless payments or operate Tap & Pay technology, offering increased security by relieving customers of the need to carry cash or their bank cards.

To activate Samsung Pay, customers can start by adding their Gulf Bank card details on the Samsung Pay application, available for download on Samsung smartphones. To pay using a Samsung smartphone, the user can launch the application, enter their password, and wave their phone over the point of sale terminal equipped with contactless payment technology. In order to launch Samsung Pay on a smartwatch, customers must press and hold the “Back” key, rotate the bezel to select the “Add Card” option, then follow the instructions that appear on the screen.