Samsung's new payment system coming with Galaxy S6

LoopPay mobile payment system could soon work with Galaxy S6
Apple Pay might get a competitor from Samsung as soon as March, when the South Korean company will launch a payment system based on LoopPay.
Codrut Nistor,

Various inside sources started to reveal new things about the upcoming Samsung Galaxy S6 flagship, for example its colors. On the other hand, the rumor about Samsung working on a mobile payment system is not new since it came out back in December 2014. Now, a report published by South Korean media confirms the launch of such a service.

Apple Pay may soon face competition from Samsung's similar solution that is rumored to use LoopPay technology. The Korean media report mentioned earlier places this event next to the upcoming Samsung Unpacked event. Since Apple also unveiled Apple Pay together with the new iPhone 6 handsets, showing off a new Galaxy S handset and a mobile payment system would be a logical move for Samsung.

According to PhoneArena, the greatest advantage of this system is that no NFC is needed since it replicates a card swipe. You can check LoopPay in action by viewing the video below. Nothing has been officially confirmed regarding this new mobile payment system by Samsung, so we should wait for the Unpacked event and see what's what.


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Codrut Nistor, 2015-02- 3 (Update: 2015-02- 4)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.