The Samsung confident that the new Samsung Pay payment service can become a direct competitor to Apple Pay. By the end of the summer it will be launched in the United States and South Korea, and the company recently announced a partnership with MasterCard, which will help her to bring Samsung Pay and the European market.
According to Korean sources, the expanded beta Samsung Pay will start in the coming weeks, and multi-level security system, including fingerprint itself and the user password, making it “one of the safest ways to pay” on the market.
Samsung Pay supports NFC technology and MST (magnetic secure transmission). And the greatest interest of specialists it is the latest technology that allows you to emulate the process of reading information from a conventional credit card at the payment terminal and does not require retailers to install special terminals, which probably would have slowed the introduction of the service.
Currently, Samsung Pay only support flagship smartphone Samsung Galaxy S6 and S6 Edge. However, analysts believe that the service will work with the owners of the new planshetofonov Galaxy S6 Edge Plus and Galaxy Note 5 and, possibly, a smart clock Samsung Gear A, the presentation of which is rumored to be held on August 13.