Galaxy S6's 'special function' could be Samsung's first mobile payment system

Galaxy S6's 'special function' could be Samsung's first mobile payment system
We heard back in December that Samsung is working to implement a mobile payment system of its own for obvious reasons, namely the existence of Apple Pay. At its latest quarterly report Apple said that about two thirds of all mobile transactions are now being executed with its own payment system that got introduced together with the iPhone 6 and 6 Plus handsets last year.

Samsung apparently doesn't want to be left behind, and the Galaxy S6, as well as its S6 Edge sidekick with the curved display, will be the first phones to implement the company's own take on mobile payments. Previously it was rumored that the system will be based on the Burlington, Mass. LoopPay technology, and the latest report in the Korean media confirms that, and ties the launch with the unveiling of the Galaxy S6.

The new mobile payment system doesn't require NFC to be built into phones, but mimics a credit card swipe instead, so it could be accepted at much more merchants than Apple Pay worldwide, currently to the tune of 10 million. Insiders mention it will be available through different providers in different regions, which makes sense, if it will be indeed similar to LoopPay's tech, which you can see detailed in the video below. 

Samsung does plan on offering extra security authentication via the fingerprint scanner embedded in the home button. This might explain why with the Galaxy S6 the company is reportedly switching from the current swipe scanner to a touch-based sensor, similar to what Apple, Huawei or Meizu utilize in their handsets. Remember that "special function" that Samsung's chief of investor relations mentioned last week to be in the upcoming flagship? Well, a universal payment system does sound like something special to us, but we will see for sure what Samsung meant on March 1st, when the handset is about to be unveiled.

source: DDaily.co.kr (translated)

Related phones

Galaxy S6
  • Display 5.1" 1440 x 2560 pixels
  • Camera 16 MP / 5 MP front
  • Processor Samsung Exynos 7 Octa, Octa-core, 2100 MHz
  • Storage 128 GB
  • Battery 2550 mAh(23h 3G talk time)

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30 Comments

1. FlyingDutch

Posts: 97; Member since: Jan 30, 2015

One simple question: Would Sammy try this if it wasn't Apple launching ApplePay? We all know the answer: same soon

3. saffant

Posts: 274; Member since: Jul 04, 2011

One simple question: Would Apple try making a 5.5" phone if it wasn't for Samsung launching and succeeding with the Note line? We all know the answer: Guilty unconscious, the unoriginal, Apple.

5. rd_nest

Posts: 1656; Member since: Jun 06, 2010

Forget him, he's on a troll campaign. Never argue with an idiot. They will only bring you down to their level and beat you with experience.

21. Cicero

Posts: 1129; Member since: Jan 22, 2014

Right. He is an BuzzzzingDutch.

12. uggman

Posts: 58; Member since: Feb 01, 2013

you forgot "rotten" right before apple.

17. hondaslzman

Posts: 78; Member since: Dec 29, 2014

Why not? dont meant s**t, called it evolve and improve, just like cars and TV, air plane, German has the first jet, it won't stop other countries build one, will it?

22. engineer-1701d unregistered

I don't know if anyone else knows this but Samsung has had a mobile payment system for about 3 years called Samsung wallet that came out same time as google wallet I used it a little when it first came out but but didn't like the look of the app it was based on the Isis style payment app they have partners like amex, continental and some other big names. But looppay is old news the great thing is it works with all credit card machines not NFC type but it's also a big waste of time if they just cleaned up the old Samsung wallet app

24. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Would Aple have had a 1080 p display if no one else had it? Would APple have a fingerprint reaer if no one else had it? Would Apple have the Mac of a GUI if someone else didn't have it? Would Apple have a tablet if no one else had it? Would Apple have a smartphone if no one else had one? Would Apple have an Ipod if no one else had a portable music player? Would Apple have apple Pay if Google didn't have Wallet? Hmmm! Just showing you how ignorant and stupid you people sound. Everyone follows market trends. Why is it a problem for Samsung too? After all Google had Wallet first, didn't they?

29. hoekone

Posts: 9; Member since: Sep 22, 2013

Seems Apple pay was in response to Google Wallet and Samsung Wallet which have been around way before Apple pay. Many of us predicted this as it happens everytime, Apple copies somethikng and now they are the first to do it, it happens so often now its easy to call and Apple fans continue to embaress themselves thinking that its true.

2. sipha

Posts: 440; Member since: May 12, 2012

Wasting resources!!!!

4. Kruze

Posts: 1285; Member since: Dec 30, 2014

One word: Gimmick.

6. Jamoga

Posts: 187; Member since: Dec 17, 2014

why did they bother, rather should use it to develop UI . and more so , better phones!

7. der_damo

Posts: 213; Member since: Sep 16, 2014

wow, that Loop-thing is uncool.

8. Neros

Posts: 1016; Member since: Dec 19, 2014

Absolutely amazing. Do want :). Can't wait for the s6, it's going to be a kick-ass phone. Meantime, jealous hater be jellyin'.

9. GeorgeDao123

Posts: 432; Member since: Aug 20, 2013

I am a fan of Sammy and I don't think it is a good idea. If they still want to do it, it had better be available in Korea only.

10. wando77

Posts: 1168; Member since: Aug 23, 2012

I like this

11. Ninetysix

Posts: 2964; Member since: Oct 08, 2012

It'll use the fingerprint scanner for verification :)

13. SonyFindOneDroidple

Posts: 865; Member since: May 11, 2013

It doesn't require any emphasis on their promotion, mobile payment service is just meh , not that worthy to be called "special function"

14. nctx77

Posts: 2540; Member since: Sep 03, 2013

Come on Daniel, when talking about Touch based scanners, you only need to mention Apple. You tech journalist try so hard not to make it look like they are not copying Apple. This company is a straight rip off and their mobile sales will continue to crumble. Samsung pay and Touch ID? Please!

19. hondaslzman

Posts: 78; Member since: Dec 29, 2014

Apple did not invent touch ID, they bought it, like everything else. Apple buy them, patent them and sue others

30. hoekone

Posts: 9; Member since: Sep 22, 2013

You do realise that Samsung wallet and Google wallet have been around much longer then Apple pay and is the reason why Apple pay even exists, Apple had to copy. If anything this article is false and is making out Samsung IS copying Apple when in reality they have had payment systems way before Apple ever did but isnt mentioned in this article for some reason. It quite deceiving. IMO Apple are the copycats these days, everything they do isnt original and has been done before, bigger screen, Apple pay, NFC, pull down notifications, the list goes on and on. They were the first to do 64bit though.

15. androiphone20

Posts: 1654; Member since: Jul 10, 2013

oh wow, this is actually great. I hope they do not bet on making it the main selling point for the S6, cuz uh that'll take a while to materialize with the marketing that goes into this. It feels like just another nerdy approach to a solution cry out "Hey, we can do this too and a little more than that," then it'll eventually die off and the hype goes away (we won't forget all those who'll keep defending it even when it fails to catch on

16. HTCOE

Posts: 650; Member since: Nov 20, 2011

not suprised...but it's no longer about innovation for apple...it's all about convenience. so whatever samsung does will not take away from what apple users need on iOS. and it's too challenging for the mass to convert to understand Touchwiz over iOS. ApplePay will still reign supreme as far as mobile payments go whatever any smartphone manufacturer implements

18. nctx77

Posts: 2540; Member since: Sep 03, 2013

It's kind of one of those things where payment systems won't make you buy one phone over the other unless one works way better than the other. Honestly this is Samsung playing catchup to Apple Pay to try and take away one reason to pic the iPhone over the S6. It's not just Apple though. Sammy is having a hard time moving out in front of other Android devices at the moment. They lost their steam and it's hard to get it back. Unless they come out with a month of battery life or something crazy, they will continue to loose market share and their phones will just be keeping up with the competition and not leading it.

26. Man_Utd

Posts: 185; Member since: Feb 03, 2015

Hold on Sparky. I do recall Samsung making the Nexus S way back in 2010. It was one of the first phones to sport NFC and come with Google wallet. So no, Apple Pay is playing catch up.

20. GeekMovement unregistered

If Samsung is going to implement similar technology, hopefully we won't need the bulky cases like the one for loop pay.

25. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

The cases are for people whodont have the magnetic strip built in, which is every phone out right now. What is great here is it is using the existing technology where APple Pay is stuff with NFC. This opens a bigger door because it is compatible with nearly all merchant card readers while Apple Pay is nt. Apple Pay requires a system hardware upgrade to support. Loop Pay doesn't. Learn the difference.

27. GeekMovement unregistered

lol, when I said "similar technology", I meant that of the one from loop pay, not Apple pay (not sure why you thought I was talking about apple). I agree that I like this method of using existing technology to pay rather than using NFC. I read the article and watched the video, so I know the difference, but thanks for pointing it out anyway. (-:

23. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Wow. This is going to knock Apple Pay on its @$$. A phone with a magnetic strip, works exactly like a credit car, requires no software or in most cases hardware updates. I can add ALL my banks cards, unlike Apple which doesn't. This will be a nice extra for the S6. The should have did this with the S5.

28. hoekone

Posts: 9; Member since: Sep 22, 2013

Why is this article making out Apple pay was before Samsung? Samsung has had Samsung Wallet and Google wallet for many years now but this article makes out Samsung is behind. Apple pay played catch up and now its made out like its the first to do it? smh

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