In addition to possessing a whole new design makeover coupled with improved hardware specifications, Samsung’s Galaxy S6 will also be providing a brand new payment system that will be in direct competition with Apple’s NFC payment feature called Apple Pay.
Samsung has been rumored to be partnering with LoopPay, a startup that allows users to make purchases using their mobile devices. LoopPay is similar to digital wallet and facilitates purchases in most regions around the globe. The new payment feature will be present in the Galaxy S6 through a fingerprint sensor. According to rumors, the upcoming device will feature a non-swipe fingerprint sensor.
In addition, the sensor will also be offering a boatload of features such as Private mode and payment via PayPal. The use of LoopPay will function through a mobile application as well as a fob. A fob is a specially designed phone case that will be attached inside the battery outlet of the smartphone. The fob will allow users to conduct the online transactions with ease.
As for the current generation flagship device, LoopPay has stated that it is currently working on rolling out a touch-enabled payment case for the Galaxy S5 and Galaxy Note 4 as part of the Samsung deal.
One of the reasons why Samsung has decided to partner with LoopPay is because of the reach the payment service brings when pitted against Apple’s NFC payment feature. Currently, Apple Pay has limited financial institutions coverage in America and it will take a while for the Cupertino tech giant to roll out the feature to other regions seeing as how the company is currently new to financial innovation.
More details regarding Samsung’s upcoming payment feature will be unveiled during the 1st of March, when Samsung unveils its newly designed smartphone at the MWC.
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