Mobile Payment: Samsung Pay wants to overshadow apple pay

Besides two new phablettes, the 5 and the Galaxy Note Edge S6 +, Samsung has formalized a payment service on mobile phones already referred in February at the Barcelona MWC: Samsung Pay. The latter is also preinstalled on the Galaxy Note 5 and S6 + Edge. And S6 Galaxy smartphones and Edge came out in April will also be compatible.

Between Samsung and Apple, competition so book in an additional field, that contactless payment where US has already launched its apple pay. The launch of Samsung Pay is however still limited. The new service will start on August 20 in South Korea and  the United States in 28 September.

No output in Europe announced

The principle of Samsung Pay is simple: combine NFC and authentication by the terminal permitted by the fingerprint reader and Knox security solution. Samsung, however, has an advantage over Apple: the support of technology Magnetic Secure Transmission (STDs).

Thanks to this, which can emulate the magnetic strip of payment cards, the phone allows you to make payments in excess of the only NFC terminals, which represent only 5% of the fleet in the US.

Samsung plans to export Samsung Pay well outside the US and Korean, including the UK, Spain and China. No roadmap were however provided at this stage.

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