Samsung Pay, the mobile payments service offered alongside the Galaxy S6, is getting closer. The company is inviting S6 and S6 Edge users in Korea to participate within the 1st public trial of Samsung Pay before a wider rollout kicks off within the coming weeks.
Samsung Pay combines with NFC, which is used by Apple Pay and Google wallet, with the new technology that the company picked up with its acquisition of LoopPay. It enables Samsung’s phones to speak with magnetic stripe card readers and makes Samsung Pay instantly compatible with most payment terminals you will find at retailers today.
Apple Pay is already gaining unbelievable momentum and beginning its international expansion, that the easy support for Samsung’s solution is very important if the company hopes to provide a worthy rival.
Last month, Samsung mentioned that we would likely not see Samsung Pay until September. This test in Korea could indicate that a much bigger rollout is coming shortly, and with the Galaxy Note 5 launch reported for next month, there is a big chance that it could be right around the corner.
Subrat Kumar is a writer with expertise in content writing for websites and blogs, press releases, whitepapers and case-studies. He loves web development management and currently freelances from Bangalore. He’s the founder of Cross Zone, undertaking the bulk of articles on technology and gadgets.