Finaro and Payrexx bring Samsung Pay to Switzerland with new partnership

 Finaro, is embarking on a new partnership with Swiss based Payrexx to launch Samsung Pay for merchants in Switzerland.

Finaro will act as acquirer for Samsung Pay transactions conducted through Payrexx’s merchants in Switzerland, showing how Finaro’s market-defining payments expertise and pioneering suite of services are making it the go-to payments partner for brands and payment facilitators across Europe.

Achiya Fried, CCO of Finaro, said: “Finaro’s partnership with Payrexx sets the stage for Swiss merchants to broaden their appeal at home and globally through the acceptance of alternative payment methods such as Samsung Pay.

“At Finaro, our mission is to open up the unlimited possibilities available through digital payments, and enable everyone to take part in global commerce, untethered by geography or technology. Launching Samsung Pay in Switzerland is the perfect illustration of how Finaro is going above and beyond for merchants and their customers.”

Samsung Pay allows consumers to turn their Samsung Galaxy smartphone or smartwatch into a digital wallet, carrying credit, debit and loyalty cards to use almost everywhere contactless payments are accepted. Samsung Pay can be used for in-store payments (at virtually any terminal where contactless cards are accepted), within participating websites and in-app purchases within supported apps. With each transaction covered by the consumer’s bank fraud protection policy, and authenticated by fingerprint or PIN number, Samsung Pay is a safe and secure way for Swiss consumers to pay.

Ivan Schmid, Founder and CEO at Payrexx, adds: “The future of payment is mobile. In Switzerland, there is a huge variety of regional and international payment methods. With the introduction of Samsung Pay, we are consistently continuing our Swiss Collecting Payment strategy and enabling all organizations in Switzerland to accept Samsung Pay, PostFinance, WIRPay, Mastercard, Visa, GeckoCard and bob invoice with just one Payrexx account and one API interface. We value the partnership with Finaro very much, as we can count on a highly digitalized acquirer as a payment facilitator.”

David Jofre Tejada, Vice President Business Development and Sales, at Finaro, said: “The partnership comes at an incredibly exciting time for Finaro, and demonstrates our ongoing commitment to building strong customer and partner relationships, as well as continually investing in product innovation. We’re excited to see how this partnership will develop and drive merchant growth in Switzerland in the coming years and we are thrilled to be partnering with Payrexx and facilitating their growth plans in this arena as well.”

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