Tag: samsung pay

Google plans to ramp up its mobile payments endeavors

| June 2, 2015

Google will overhaul its Wallet service and launch Android Pay in the near future

The battle for mobile payments supremacy is heating up, and Google plans to launch a new service that will establish it as a leader. The company plans to overhaul its troubled Wallet platform, which has struggled to gain traction among consumers in recent years. Google has plans to launch a new service called Android Pay, which will allow merchants to accept payments from credit cards as well as mobile applications.

Android Pay aims to make physical mobile payments possible in stores

Android Pay is designed to be a standalone mobile payments solution and will not replace Google Wallet. The Wallet application will receive special attention, making it more attractive to consumers that are interested in mobile payments. The app is being re-designed as a peer-to-peer platform, which will also allow consumers to send money to one another. They will still be able to use the platform to make payments to merchants that accept Google Wallet, of course.

Demand for mobile payment support in physical stores is rising quickly

Google - Mobile PaymentsAndroid Pay may become Google’s more favored mobile payments solution, as it is designed with brick-and-mortar stores in mind. Demand for mobile payment support in physical stores is on the rise, and companies like Google want to accommodate this demand by providing new services that make these payments more convenient. In this way, Android Pay will perform in much the same way that other mobile payments platforms do.

Google will face tough competition in the mobile payments space

Though Google has ambitious plans for mobile payments, the company will be faced with intense competition coming from others. Samsung is one of these companies. Later this year, Samsung plans to launch its own mobile payments service, called Samsung Pay. This service will provide consumers with a way to make purchases in physical stores using their mobile devices. Apple also plans to improve its own mobile payments service, introducing a loyalty program and making improvements to its already considerable security features.

Samsung partners with Oberthur Technologies for launch of mobile payments service

| May 21, 2015

Oberthur Technologies will assist in the deployment of Samsung Pay in Europe

Samsung is preparing to launch its own mobile payments platform, called Samsung Pay, later this year and the company has chosen to partner with Oberthur Technologies in order to launch the service in Europe. Oberthur Technologies provides end-to-end service for digital payments and will help deploy Samsung Pay in several European countries. Samsung Pay is set to compete with other mobile payments services that are also expected to be launched in Europe later in the year.

Mobile payments continue to grow among consumers

Samsung Pay is designed to allow people to make purchases from their phones. While this is not a novel feature, the platform can be used in physical stores to make payments, replacing credit cards and cash. The platform makes use of NFC technology, which is capable of transmitting digital information over short distances. With an NFC-enabled mobile device, consumers will be able to use Samsung Pay in stores that have NFC-enabled point-of-sale systems. Currently, a relatively small number of retailers support such technology, but that is changing as mobile payments become more popular.

Samsung intends to uphold the convenience of mobile transactions

Mobile Payments - SamsungMobile payments have become an important focus for companies like Samsung. These companies see a great deal of promise in the mobile payments space, as consumers have shown great favor for platforms that allow them to make payments in convenient ways. This convenience is the soul of mobile payments and has been one of the sector’s most attractive features. Samsung is hoping to make its payments service as convenient as possible in order to ensure that it is appealing to consumers.

Samsung will have to fight for attention amongst other companies involved in mobile payments

Samsung Pay is expected to come pre-installed on the new Galaxy S6 and Galaxy S6 Edge devices. These devices are likely to be launched later this year. Samsung will have to compete aggressively in order to win the favor of merchants and consumers alike, vying for attention against other companies that have launched similar mobile payments service in the past few months.