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Along with the big announcement of Galaxy and Galaxy S6 Edge at the UNPACKED 2015 event in Barcelona, Samsung announced it’s next bit step to compete with Apple Pay and Google Wallet.

Samsung Pay is the brand new service which the company claims will solve all your mobile payment problems. The new service works with NFC (like Apple Pay and Google Wallet), but it also has a new technology called Magnetic Secure Transmission (MST). Samsung acquired this new technology when they bought LoopPay some week ago.

MST is an innovative technology as it works with older magnetic card readers. So retailers do not need to invest in new solutions.

Samsung already partnered with VISA and MasterCard to roll out this new service as soon as possible. Report suggests if things work fine, you can use your Galaxy S6 and Galaxy S6 Edge for mobile payment during this Summer.

Samsung is targeting US and South Korea for the first roll out, but the company promises it’ll launch in Europe, China, and other regions shortly after.

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  • Will Chu

    Samsung pay, really? They can’t come up with anything more original.
    Monkey see, money do.

    • iKrontologist

      Go ahead tell us the truth; You are sucking on CrApple’s Pay Doling teets!!! lol… You brain washed CrAppleholics are all alike. Can’t tell the difference between Samsung Gear Watches and CrApple’s Watch either most likely! ahaha….

      Just go bloviate on your own CrApple Addicted Websites. lol….. if you don’t like LoopPay becoming Samsung Pay or Google Wallet becoming Android Pay. We all know you iDiots are soaking your pillows up with tears…. all because Samsung and Google COPIED Our Dearly Beloved CrApple…… wah…. wah…. and Apple huh… huh…. invented the word Pay….. wah…. wah…. Eons before the DAWN of TIME before they invented the God, the Phablet, Watch (talk about unoriginal… lol…) etc! sniff… sniff…. and cry some more fool!!!

      btw…. I hear Apple is going to rename Apple Pay as “Apple Gay” in honor of their LGBT loving poc marked pizza face leader!!! 😀