Samsung Pay has entered its final stages of testing. Photo: Kārlis Dambrāns/Flickr CC
Did you completely forget about Samsung Pay? Well, it’s still kicking. After a significant delay, the official launch is coming in a couple of months and Samsung is allegedly wrapping up tests to ensure it works properly.
Samsung is testing its Apple Pay competitor with eight different card companies in South Korea and is set to go live there as well as in the United States this September.
Xiaomi the money! Photo: Cult of Android
When your copying of Apple designs has led to you becoming the world’s most valuable startup, you can afford to loan out a bit of money.
According to a new report, controversial Chinese smartphone maker Xiaomi is set to take an unusual approach to the mobile payments business by lending users cash — which they can apply for via an app on their handsets.
Google Wallet is sticking around. Photo: Google
Google’s ready to take on Apple Pay with a new mobile payments platform called Android Pay. It will work over NFC, and it will come with an API that will allow third-party developers to integrate the service into their own Android apps.
Samsung’s Apple Pay clone may not rely on NFC. Photo: Apple
Samsung is preparing to launch its own Apple Pay competitor in 2015, according to sources familiar with the company’s plans — and it could be teaming up with LoopPay to make it even more successful. Just like Apple’s offering, Samsung’s will allow the owners of its smartphone to pay for goods simply by waving their devices at a machine, but it may not rely on NFC.
Major retails join forces on mobile payments system to fend of Google, PayPal, Isis, and other potential digital wallet competitors like Apple.
In a move that makes the Square/Starbucks partnership announced last week look like small potatoes, a group of national and international retailers announced plans to develop their own mobile payment network complete with mobile apps and digital wallet functionality. The move seems almost certain to shake up the nascent mobile payments market where a wide range of companies and organizations have been trying to figure out the secret sauce that will turn mobile payments into a mainstream retail system for the past couple of years.
The Merchant Customer Exchange or MCX, as the new company is known, plans to deliver a solution that offers convenience in both making purchases and in receiving customizable offers from retailers. Development of a mobile app and payment network are underway, but MCX has yet to announce any details about either the app or its network.
