Google has inaugurated the online digital wallet market 4 years ago with Google Wallet. Apple developed its own integrated mobile payment solution, with the ability to use it in actual stores too. That's Apple Pay and it was launched in the US almost a year ago, in October 2014. Then came Android Pay, an enhanced version of the Google Wallet, on September 10. This was a few steps ahead Samsung and its Samsung Pay, launched in South Korea last August and a week ago in the US, after a month of beta trial. Samsung Pay is designed to operate on Galaxy S6, Galaxy S6 Edge, Galaxy S6 Edge+ and Galaxy Note5 devices.
Just like its competitors, this makes purchases really easy. Just launch the Samsung Pay app, hold the phone close to the credit card terminal and confirm the transaction with your fingerprint or a PIN code. The company claims that, using both Near Field Communication (NFC) and Magnetic Secure Transmission (MST) technologies, its incredibly secure and it enables the digital wallet to be used with most point-of-sale terminals worldwide, "in more stores than any other mobile payment service". However, Samsung has agreements with only a few partners for now, including American Express, Bank of America and Citi. But it's just the beginning.
*Photo: Samsung
News in the same category
Reborn in 1997, the mythical French notebooks have since regained their fame and success above all expectations. They're now competing with new technologies and chose to be a partner rather than an opponent.
Previously Samsung offered pop-up shops around the US that were focused on letting customers experience the brand's products and technology.
Adidas introduced a revolutionary swimsuit last month in Germany. According to them, the Adizero XVI swimsuit is the fastest ever.
This 45th annual Earth Day was the occasion for Cintas Corporation to present its corporate responsibility report for 2014. Some very impressive figures were revealed.