From July 16 start, Samsung has piloted its mobile payment services Samsung Pay in Korea. Samsung said the service is currently only for selected Galaxy S6 and Galaxy S6 Plus smart phone users, the initial test places for 1,000 people.
Samsung Samsung Pay service not only supports near field communication NFC payment terminals, and also supports traditional magnetic stripe credit card reader terminal, users simply hold the phone to any magnetic card reader to make payments, which is also one of the main selling points of Samsung's Pay , businesses will not have to because of the use of new technologies forced to upgrade already held terminal equipment. Compared to only support NFC near field communication technology, Apple Pay, Samsung Pay more vulnerable businesses welcome.
Samsung Pay "magnetic secure transfer" feature, Samsung acquired from the beginning of self-technology startups LoopPay by LoopPay technology, users avoid the need to have to buy new hardware.
Samsung plans to officially launch in August of this mobile payment system on time or release the Galaxy Note 5 phone close to when Samsung Pay officially opened in the United States and South Korea will be the first marketing, and then will gradually enter the international market.
Given Apple has introduced the Apple Pay payment system in its smart watch Apple Watch, there is news that Samsung Samsung will also join the payment system in its next generation of smart watches.