Samsung Pay United States launch scheduled for H2 2015


As some of you may already know, the Samsung Galaxy S6 and S6 edge are the first two smartphones that are compatible with Samsung Pay, a mobile payment service that combines NFC connectivity with a proprietary Samsung technology called Magnetic Secure Transmission (MST). However, although the Galaxy S6 series comes with Samsung Pay support, the mobile payment service has yet to be launched. When unveiling Samsung Pay back at MWC 2015, the company said that the service will launch this summer, and it looks like a Samsung executive reconfirmed the estimated launch date a couple of days ago.

According to Park Jin-Young, Managing Director over at Samsung Electronics, Samsung Pay will be launched in the second half of 2015, with the United States and Samsung's home market of South Korea being the first two countries to get the new mobile payment service. As far as other countries are concerned, Jin-Young said that the international release schedule is still being discussed internally at Samsung.

Compared to competing technologies such as Apple Pay and Google Wallet, Samsung Pay has the major advantage of being compatible with roughly 90% of all the payment terminals in the United States, while its competitors only work on NFC-enabled payment terminals. This is a feat that was made possible by Samsung's acquisition of Loop Pay. It looks like the mobile payment market is starting to heat up in the United States, and it remains to be seen which company gains more traction on the long run, although Apple Pay certainly had a good head start.

source: WhoWired via GforGames

FEATURED VIDEO

17 Comments

1. bur60

Posts: 981; Member since: Jul 07, 2014

Damnit, why does the S6 edge look so good

3. bradley8795

Posts: 64; Member since: Nov 19, 2013

Because it is.....loving mine.

17. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Still waiting for mine.I was suppose to ship 5/1, now it's been pushed to the 15th. I preorders the Gold one. I hate when these brands show a color and then you can't even order it right away.

5. AnTuTu

Posts: 1621; Member since: Oct 14, 2012

Beautiful beast :)

29. stealthd unregistered

It looks good from a distance, once you see it up close you see all the little inconsistencies in the design http://www.redmondpie.com/heres-why-samsung-design-absolutely-sucks-photos/ Granted, the S6/S6 edge look way better than Samsung's first attempt at a "pretty" phone, the Alpha

2. Sauce5 unregistered

Hopefully it will be as buttery smooth and extremely easy like Apple Pay.

4. GeekMovement unregistered

The MST technology sounds promising.

7. ameran

Posts: 344; Member since: Dec 04, 2013

I can't wait to test this. I am sure it will work better than the competition.

9. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

I still intend to use plastic card issued directly from my bank for a considerable amount of time. Because I don't feel that it will benefit me to add more middle man into my personal finance equation.

23. yoosufmuneer

Posts: 1518; Member since: Feb 14, 2015

There isn't any middle man because they don't save your credit/debit card info with them and They Don't charge you even a cent for using the service unlike Apple Pay which charges their users.

12. BobbyBuster

Posts: 854; Member since: Jan 13, 2015

The malware business will flourish then...

13. tedkord

Posts: 17464; Member since: Jun 17, 2009

Keep tardin' hard!

16. vergil9

Posts: 517; Member since: Apr 06, 2015

Never go full retard.

24. Ordinary

Posts: 2454; Member since: Apr 23, 2015

Bobby got busted, oops

21. ibend

Posts: 6747; Member since: Sep 30, 2014

Park Jin-Young?? JYP :D

26. soldier820

Posts: 115; Member since: Jan 27, 2015

I hope that the note5 will look something like that. But still have a MichroSD Card and remuvable battery.....

31. ChafedBanana

Posts: 409; Member since: Sep 20, 2011

I hope one day to use Samsung Pay on my S6 to pay for my Note 5.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.