CaixaBank will not support MST transactions when it launches Samsung Pay in Spain

Spain’s CaixaBank has revealed that it will not include support for Samsung Pay’s Magnetic Secure Transmission (MST) technology when the bank launches support for the mobile payment service in the coming months.

Samsung Pay “It is mainly because in Spain, the penetration of the contactless POS is really high (over 70%), so it was not really necessary in first place,” the bank told NFC World. “Maybe it will be analysed in the future, but not right now.”

The bank announced last week that it will become the first in Spain to support Samsung Pay and will offer it as an additional payment option in its host card emulation (HCE) based mobile payment app.

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