Samsung is reportedly preparing to launch its own mobile payment system that will be very similar to the one it introduced earlier this year Apple. On this occasion, the South Korean giant could therefore announce cooperation with the startup LoopPay and in the course of 2015 should launch the first phones with support for the Samsung payment system, which could be available to a larger number of users from the start, especially thanks to the partnership with PayPal could offer several payment methods.
The principle will be very similar to pri Apple Pay, the phone with NFC will have to be attached to the payment terminal and the payment will be made. But what we regret is the fact that Samsung could have come up with this innovation much earlier than Apple and he didn't have to wait for the technology giant from Cupertino to come up with such a solution. Samsung is the largest provider of payment cards in South Korea, and this is the thing that sets it apart from Apple. The service could thus already be functional at least in Korea and could gradually spread to other countries of the world during the past months. However, the advantage is that, unlike Apple Pay, the payment system from Samsung will very likely be supported in our market soon, since Apple restricts service to the US only.
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*Source: Re / code
