In addition to two new phablettes, the Galaxy Note 5 and S6 + Edge, Samsung has formalized a payment service on mobile phones already referred in February at the Barcelona MWC: Samsung Pay. The latter is also preinstalled on Galaxy Note 5 and S6 + Edge. S6 and Galaxy smartphones and Edge came out in April will also be compatible.
Between Samsung and Apple, competition so book in an additional field, that contactless payment which has US Pay him already launched Apple. The launch of Samsung Pay is however still limited. The new service will start on August 20 in South Korea and 28 September in the United States
The Samsung Pay principle is simple. Combine NFC and authentication by the terminal permitted by the fingerprint reader and Knox security solution. Samsung, however, has an advantage over Apple:. The support of technology Magnetic Secure Transmission (MST)
With this one, which emulates the magnetic strip of payment cards, the phone allows you to make payments in excess of the only NFC terminals, which represent only 5% of the fleet in the US.
Samsung plans to export well outside the US Samsung Pay and Korean, including the UK, Spain and China. No release schedule has yet been communicated at this stage.
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