Samsung Pay, the Apple Pay rival, testing starts in Korea

The mobile payments service, Samsung Pay is getting closer to its release. The service announced a while back with Samsung Galaxy S6, Samsung Pay has started its trials. The trail has been opened up to select users in Korea. The company is inviting select S6 and S6 Edge owners in Korea to participate in the first public trial of Samsung Pay before a wider rollout kicks off in the coming weeks. Samsung Pay combines NFC, which is used by Apple Pay and Google Wallet, with technology that the company picked up with its acquisition of LoopPay. This allows Samsung’s phones to communicate with magnetic stripe card readers, making Samsung Pay instantly compatible with most payment terminals you’ll find at retailers today.

Apple Pay is already gaining incredible momentum and starting its international expansion, so the effortless support for Samsung’s solution is important if the company hopes to produce a worthy rival. Last month, Samsung said that we likely wouldn’t be seeing Samsung Pay until September, reports The Verge. Samsung built LoopPay’s features into Samsung Pay, which allows the payment service to be compatible with both NFC payment terminals and legacy terminals. As of now, details are scarce as to when we can expect the service to launch. We’ll let you know once we get some more information.


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