As Samsung strains under pressure from Apple, the Korean tech giant is banking its mobile future on a pair of new devices and a mobile payment system, coming this summer, that could have a broader retail reach than that of its rival.
On Sunday, at the Mobile World Congress in Barcelona, Samsung unveiled the Galaxy S6, its latest flagship smartphone, and the Galaxy S6 Edge, a model with a curved edge screen. Both come with installed with Samsung Pay, the company’s anticipated entrance into mobile payments. The company said the touchless payment system works with magnetic card reading technology, incorporated from its recent purchase of LoopPay, as well as with near-field communication, the tool used by offerings from Apple and Google.
“It’s built right in,” JK Shin, Samsung’s president and CEO, said on stage about the payment technology. “That’s a design with purpose. That’s the future.”
Continue reading at AdAge.com