MBSB Bank Expands Digital Payment Options with Samsung Wallet and Google Pay

MBSB Bank Bhd has expanded its digital payment options by adding support for Samsung Wallet and Google Pay to its Visa Debit Card-i. This allows customers to make contactless payments using eligible Android devices, without needing a physical card.

The bank says transactions are protected by device-based authentication and tokenisation technology, which safeguards card information by replacing it with a unique digital identifier for each transaction.

This move reflects the growing adoption of digital payments in Malaysia, where electronic payment transactions rose 25% to 18.4 billion in 2022, with an average of 538 cashless transactions per person.

MBSB Bank plans to introduce Apple Pay in the coming months as part of its efforts to broaden digital payment options.