Editor in Chief
- Dec 30, 2010
- Reaction score
- Austin, TX
New intel suggests that Samsung is planning to launch their own mobile payment platform alongside the Samsung Galaxy S6 in March. It would appear that they can't help but copy every move that Apple makes. Whether Samsung's platform can gain as much traction as Apple's is open to debate. On the other hand, the fact that both companies are pushing the technology is a good thing for consumers interested in the technology.
Regardless of the future outcome, we have a bit more to add to this story in the present. Supposedly Samsung has already chosen the mobile payment platform they plan to back. It isn't one they created themselves, but instead they may have heavily invested in it. It's called LoopPay, and you can check it out in the video above.
As usual, it promises to do a great deal for the consumer, yet that requires that it take off and garner a wide adoption to be successful. The concept of LoopPay is actually pretty cool. Supposedly, after you have swiped your cards into your smartphone's memory, all you need to do is then hold your phone near the car reader at your local retail establishment. LoopPay doesn't require merchants and vendors to switch out their existing systems.
Currently, LoopPay requires the use of a special smartphone case to make this transaction work; however, if Samsung does adopt the technology, it will likely be built into the Galaxy S6 (or whichever device they announce it for).
What do you guys think? Does this have the potential to take off?
Here's our Samsung Galaxy S6 section for further discussion: Samsung Galaxy S6 General Discussions Android Forum at DroidForums.net