Samsung announced the Samsung Pay service would be available for Galaxy S6 and Galaxy S6 edge users during the Unveiled event in March but it seems the service will be delayed, Samsung confirmed during the Investors Forum in South Korea. Samsung EVP Rhee In Jong confirmed the service will be available in US and South […]
Samsung Pay
Samsung reportedly paid $250 million for LoopPay
Samsung announced the acquisition of LoopPay back in February and today Re/Code reports Samsung may have paid $250 million. The acquisition to counter Apple Pay cost the Korean giant a quarter of a billion plus earnouts, which according to the report, could increase based on performance. Samsung introduced Samsung Pay that uses LoopPay’s technology. Unlike […]
Samsung Pay is Samsung’s take on mobile payments
As rumoured, Samsung introduced the Samsung Pay service that will work with the recently announced Galaxy S6 and the Galaxy S6 edge. The Samsung Pay mobile payment service takes advantage of LoopPay’s technology, which Samsung acquired last month and allows users to pay through NFCs or a regular point-of-sale terminal using Magnetic Secure Transmission from […]
Samsung acquires LoopPay
Samsung is transforming its existing relationship with LoopPay into something more substantial as they’ve confirmed to buy the US-based company. The amount of money exchanged is unknown but it reiterates Samsung’s intentions to bring mobile payment to its future lineup of smartphones. In fact, Samsung’s Galaxy S6 is rumoured to be the first smartphone to […]
Report: Galaxy S6 to come with a digital payment system
We’ve got a good one month before Samsung unveils their latest flagship phone to the world but Korea Herald has got some info that claims will be an important feature in the Galaxy S6. Apparently, Samsung plans to integrate a digital payment system, Samsung Pay and it will be different than what Apple is doing […]