The Samsung Galaxy S7 is one of a pair of flagship devices for 2016 from the Korean phone giant, and features MST mag stripe emulation technology as well as NFC.
The Galaxy S7 is designed to work with Samsung Pay and can also be used with other Android-based NFC payment apps.
The Galaxy S7 was announced in Barcelona on the eve on Mobile World Congress, and the Verge has a comprehensive review of the phone.