Samsung is reportedly looking into bringing Samsung Pay to other manufacturers' devices

Samsung Pay is sort of the unsung hero of smartphone payment systems: where alternatives such as Apple Pay or Android Pay work exclusively via NFC, Samsung's solution is actually backwards-compatible with older magnetic card readers as well — a feature rarely talked about, and thus largely unknown to the average consumer. But while the platform is currently limited to Samsung's flagships and select mid-rangers, a new rumor claims the company is looking into licensing its service to other manufacturers.