Korean credit card firm Samsung Card is recruiting beta testers for Samsung Pay to pilot the mobile payments service in “various major offline member stores” from July 15 to August 20, Korea Bizwire reports... More
Samsung Pay
2.2bn NFC-enabled handset shipments by 2020, IHS Technology predicts
Shipments of NFC-enabled handsets will increase to 756m in 2015, up from 444m last year, rising to 2.2bn by 2020, IHS Technology has forecast... More
Evercoss to pre-install mobile wallet on handsets
Indonesia’s largest smartphone and tablet manufacturer is to pre-install a mobile wallet on up to three million of its mobile devices annually, allowing users to make QR code-based in-store payments, online payments and P2P funds transfers using a platform supplied by mobile wallet provider Cellum... More
White paper helps banks compare NFC mobile payment solutions
A one-stop guide aimed at helping banks and financial institutions that want to deploy NFC mobile payment solutions, but are unsure about the right route to market, is now available to download from the NFC World Knowledge Centre... More
Samsung smartwatches to support Samsung Pay?
Samsung is planning to offer Samsung Pay mobile payments on the smartwatch devices it is scheduled to launch in the second half of this year... More
Samsung mobile commerce boss talks Samsung Pay, Android Pay and launch delay
Samsung Pay is to launch in Korea and the US in September 2015, later than originally planned, and then roll out to Europe, China, Australia and South America, executive vice president of mobile commerce Dr Injong Rhee has revealed at the Samsung Electronics 2015 Investors Forum... More
Samsung delays Samsung Pay launch
Samsung has delayed the launch of its Samsung Pay mobile payment service from this summer to September this year, Dr Injong Rhee, Samsung’s executive vice president of mobile commerce, has revealed during an investor meeting... More
Bell ID analyses Android Pay
PARTNER NEWS: In a blog published today, tokenization specialist Bell ID outlines the differences between Google’s Android Pay, Apple Pay and Samsung Pay, and discusses what the NFC service means for banks... More
Samsung Wallet to close on June 30th
Samsung is to discontinue its Samsung Wallet service on 30 June 2015 as it gears up to roll out Samsung Pay later in the year... More
Samsung picks Oberthur for mobile payments in Europe
Samsung has chosen Oberthur Technologies for the deployment of Samsung Pay mobile payments in Europe later this year, utilising the technology provider’s Pearl secure element embedded in Samsung S6 and S6 Edge devices. More
Samsung ‘paid $250m for LoopPay’
Samsung paid about US$250m to acquire LoopPay, developer of the magnetic secure transmission (MST) technology that will form a key part of Samsung Pay when it launches later this year, according to Recode... More
Samsung to use NXP SE for Chinese devices
Samsung will build NXP’s SmartMX P61N1M3 embedded secure element into versions of its Galaxy S6 destined for China, where it will be used in the Samsung Pay NFC mobile payments service... More
Samsung Pay could work on smartwatches
Samsung managing director Park Jin-young hinted during the company’s first quarter earnings call that the forthcoming Samsung Pay system may also work with its smartwatches... More
Apple Pay is top choice among US consumers as mobile payment security concerns fade
Apple Pay has become the top choice of services among US consumers planning on using mobile payments in the next 90 days, a survey conducted by 451 Research has found — and consumers increasingly think mobile payments are more secure than credit cards. More
No Samsung Pay fees for Korean issuers
No fees will be charged by Samsung to card issuers making use of its new Samsung Pay service in Korea, Business Korea reports, “to help dominate the rapidly-growing mobile payments market”... More
Video shows Samsung Pay in action
A short video published by MasterCard shows Samsung’s new Samsung Pay mobile payment service in action, demonstrating how a user chooses a payment card, authenticates and then holds their phone next to a standard payment terminal to conduct a transaction... More
Samsung Pay’s success in the US is not assured, says expert
Google’s recent acquisition of Softcard’s NFC payments business may hit Samsung Pay’s prospects for widespread US adoption hard, says a respected payments consultant... More
MasterCard discusses how Samsung Pay works
Samsung Pay, the tokenized mobile payment system introduced with the Samsung Galaxy S6, will first attempt to use NFC and then fall back to magnetic stripe emulation technology to offer widest compatibility with merchant terminals, MasterCard’s Matt Barr has told NFC World... More
Samsung unveils Galaxy S6 with NFC and LoopPay mobile payments
Owners of Samsung’s new Galaxy S6 flagship phone will be able to make mobile payments at merchants equipped with both legacy magnetic stripe card terminals and those with contactless POS terminals, Samsung boss JK Shin has revealed... More
Google renews wallet discussions with carriers
Google is in a new round of discussions with mobile network operators to get its Google Wallet payments service widely distributed on mobile devices, the Wall Street Journal reports, with incentives on offer believed to include paying carriers to feature Google Wallet prominently on their Android phones and, potentially, a share of advertising revenues... More