Samsung is in talks with various payment companies to include wireless mobile payments system in their smartphones, much like the Apple Pay. Wireless mobile payment requires just waving or tapping of the phone instead of swiping the credit card to the payment system.
As per a report by Re/code, Samsung is in talks with LoopPay, a mobile payment solution company located in Boston, Mass. It is still unknown if the deal has been signed.
Apple Pay uses authentication that involves finger print recognition that is found in their iPhones. Samsung probably will also follow the same route as this technology is already integrated in the Galaxy S5 and newer devices.
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