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Samsung's new payment system coming with Galaxy S6

LoopPay mobile payment system could soon work with Galaxy S6
LoopPay
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.
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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
Codrut Nistor - Senior Tech Writer - 5461 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
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Codrut Nistor, 2015-02- 3 (Update: 2015-02- 4)