Market Overview

Samsung Electronics France Announces Samsung Pay Compatibility with PFS Partner PCS' Prepaid Cards in France

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Samsung Electronics France has announced the compatibility in France of
Samsung Pay services with PCS Mastercard payment cards from Prepaid
Financial Services (PFS). From today, the users of PCS cards in France
and holders of Samsung smartphones will be able to use Samsung Pay to
pay for their purchases in store with their smartphone.

The unrestricted payment solution is available and reloadable online at
32,000 stores across France. This offers significant advantages in many
daily purchasing situations, travelling, budgeting or paying without
transmitting bank details.

With Samsung Pay, PCS cardholders will now be able to make payments
without having to take out their card and receive notifications of their
purchases immediately. The service is fully secure thanks to biometric
identification (or PIN code) and data encryption by Samsung Knox.

Laurent Moquet, Director of Marketing B2B IM with Samsung Electronics
France stated: "This partnership with PFS is perfectly in line with our
desire to offer Samsung Pay users more flexibility and possibilities.
The availability of PCS Mastercard prepaid cards on Samsung Pay enriches
our service and positions it as the most complete mobile payment
solution on the market."

Olivier Gabrielli, Head of Innovation & Digital Payments at Mastercard
France explained: "We are pleased to work with PCS and Samsung to allow
PCS Mastercard cardholders to pay for their purchases in a simple and
secure way with their Samsung mobile. Thanks to Mastercard's MDES
tokenization solution, we are expanding the use of cards in the digital
world."

Valerie Moran, Head of Operations & Client Relations at PFS stated:
"This is an exciting alignment with PCS, Samsung Pay and PFS. Over half
a million people are set to benefit from this significant mobile payment
development available with PCS Black, PCS Infinity and PCS Chrome
Mastercard prepaid cards."

About Samsung

Samsung Electronics inspires the world and shapes the future with
transformative ideas and technologies that give people the power to
discover new experiences. With a constant focus on innovation and
discovery, we keep redefining the worlds of TVs, smartphones, wearable
devices, tablets, digital appliances, network systems, and memory,
system LSI, foundry and LED solutions. Samsung Electronics is committed
to improving the global community and delivering groundbreaking
innovations that enhance people's everyday lives. news.samsung.com.

About Mastercard

Mastercard (NYSE:MA), www.mastercard.com,
is a technology company in the global payments industry. Our global
payments processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries and
territories. Mastercard products and solutions make everyday commerce
activities – such as shopping, traveling, running a business and
managing finances – easier, more secure and more efficient for
everyone. Follow us on Twitter @MastercardNews,
join the discussion on the Beyond
the Transaction Blog
 and subscribe for
the latest news on the Engagement
Bureau
.

About PFS

PFS provides world-class payment technology solutions offering
comprehensive innovation in electronic money. As a pioneer in the
evolution of the FinTech ecosystem, its award-winning solutions include
e-wallets, physical and virtual prepaid cards and IBAN accounts in the
UK and Eurozone. Prepaid Financial Services Limited, trading as PFS, is
Authorised by the Financial Conduct Authority in the United Kingdom.

PFS is one of Europe's largest e-money issuers and has returned profits
for 10 consecutive years. With programmes active in 25 countries and
growing, the company has the ability to transact in 23 currencies. PFS'
products and state-of-the-art technology platforms are trusted by
governments, local authorities, NGOs, mobile network operators, banks
and corporate clients globally. PFS is an agile FinTech chosen by other
FinTechs to revolutionise the digital economy securely and in real-time.

Explore the future of prepaid financial solutions today as the world
moves towards a cashless society tomorrow by visiting https://prepaidfinancialservices.com
and discover more about PFS' next-generation payment solutions. Contact Sales@PrepaidFinancialServices.com

Ends

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