Next Samsung Gear smartwatch could support Samsung Pay
Although Samsung was one of the very first manufacturers to launch a smartwatch, the South Korean company has been quiet lately on new models or potential updates. After the announcement of the Unpacked event next month in NYC, however, rumors are pouring in about a new smartwatch from the company.
The information should be taken with a grain of salt, of course, but the supposed smartwatch has been in development under the name "Gear A". Furthermore, a Samsung Development Kit from a few months ago hinted at a device with a round display. The smartwatch would integrate Samsung Pay for point-of-sale transactions via magnetic strip readers, which could circumvent NFC technology used for Apple Pay and Android Pay altogether.
The exact date on when Samsung Pay will become live is currently unknown. However, Samsung had announced plans for a summer 2015 launch when the company revealed the Galaxy S6.