Pulse.com.gh logo
Go


Upping the Ante Samsung Pay to launch online payments in the U.S.

This is according reports by Reuters who say the mobile wallet platform will be also available on lower-end Samsung smartphones, not just flagship models like the Galaxy S6 Edge.

  • Published: , Refreshed:

Samsung Pay plans a major expansion in the United States come 2016. Users will be able to make purchases on websites with Samsung Pay, which puts it into more direct competition with services like Paypal.

This is according reports by Reuters who say the mobile wallet platform will be also available on lower-end Samsung smartphones, not just flagship models like the Galaxy S6 Edge.

In an interview with Reuters, Samsung global co-general manager Thomas Ko said Samsung Pay will roll out to more smartphone models next year. The payment platform launched in the U.S. in September and has an advantage over competitors because it can emulate magnetic stripe cards thanks to Samsung’s acquisition of LoopPay, in addition to using NFC technology like Apple Pay and Android Pay.

This means Samsung Pay works with a wider assortment of existing point-of-sale equipment than Apple Pay or Android Pay does.

Ko claims that Samsung Pay is already the most widely accepted mobile payments system in the U.S. because it is compatible with most credit card terminals. Mobile wallets haven’t quite taken off in the U.S. yet, but getting people accustomed to using their stored financial information in Samsung Pay for online purchases may convince them to pull out their smartphones at cashier stands, too.

Credit- Tech Crunch

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Number 12 Panic withdrawals hit savings & loans company following...bullet
2 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public...bullet
3 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
4 Donor Support World Bank injects $60m into Ghana’s energy, tourism...bullet
5 Salaries In 2018 Here are the dates public workers will be paid...bullet
6 Tax Policy Government not planning to increase VAT, MP allays...bullet
7 Education Top 5 private high schools in Ghana according to WAECbullet
8 Menzgold Ghana Investment company closes down its Gold...bullet
9 Economy of Ghana Gov’t to increase taxes in mid-year budgetbullet
10 Nana Appiah Mensah Zylofon boss to create one million...bullet

Top Videos

1 Money Alert Meet Africa's richest womanbullet
2 Support Finance minister buys Kantanka carbullet
3 Forbes 2018 Africa's billionaires rich listbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 Bozoma Saint John 10 quotes from Uber top official,...bullet

Business