MasterCard has announced a global strategic partnership with Samsung that will enable MasterCard cardholders to load and store their card credentials on NFC-enabled Samsung mobile devices.

Commonwealth Bank of Australia is the first bank to collaborate with MasterCard and Samsung to offer this service to customers. CBA has installed Mobile MasterCard PayPass within its CommBank app on the Samsung Galaxy S4's embedded secure element. CBA customers will be able to make NFC payments using their Galaxy S4 at the 220,000 contactless-enabled POS terminals in Australia and 1.6 million contactless terminals worldwide, MasterCard said in a news release.

According to a MasterCard blog, Australia is the top MasterCard PayPass contactless payments market worldwide.

Over the next year, MasterCard and Samsung plan to partner with other financial institutions and mobile networks to roll out NFC service deployments globally. Turkey, Russia and Ukraine will see launches in early 2014, MasterCard said.

The Samsung Galaxy S4 and Galaxy Note 3 are two of the more than 140 devices, including 32 Samsung smartphones and tablets, certified as part of the MasterCard PayPass Ready program launched in May 2012. Devices certified by MasterCard go through a rigorous testing process to ensure they are functionally reliable and interoperable.

In February, Visa announced a global NFC payments partnership with Samsung, according to Mobile World Live.

To watch a demonstration of Mobile MasterCard PayPass, click on the video below:

Learn more about contactless/NFC.