This year Apple launched a new payment system for its smartphones and the Apple Watch smartwatch, called Apple Pay. Obviously, Samsung was not going to take long to launch something similar, and the company could launch a rival for this next year 2015. At least, so it seems according to the supposed negotiations in which the company is with Loop Pay.
When Apple launched Apple Pay it was curious, because it was at that moment when it was announced that both the iPhone and the Apple Watch were going to have NFC, a technology that until now had not been present in the iPhone because, in theory, it was not Useful. However, this technology is limited in the smartphone for the use of Apple Pay, so it is not possible to use it, for example, to synchronize the smartphone with a wireless speaker. This led to a lot of criticism for Apple. However, Samsung has had this technology, NFC, on its smartphones for a long time. Even so, it does not have a payment system like Apple Pay.
Although that will change soon. It was impossible for the company not to rival Apple on this as well, so it was obvious that a payment system to rival it was coming soon. Apparently, Samsung would be in talks with Loop Pay so that it was this company that was in charge of integrating the new payment system into the smartphone. LoopPay technology is capable of wirelessly transmitting the same information that is stored on a credit or debit card, without having to use the card. The funny thing is that it seems that this new system does not use NFC, but rather it is a magnetic system, so it could also be paid with the smartphone in any terminal where we would normally pay with a smartphone. However, it is also stated that the agreement between the two may not be finalized yet. Maybe The Samsung Galaxy S6 is the first to have this technology, and it could arrive in March, in January, as has been said lately.