Tim Cook has revealed many future plans for Asia, intention to capitalize on artificial intelligence and desire to create a cashless society during a recent interview.
Reportedly, LG has encountered certain problems while testing its mobile payment service LG Pay and had to cancel the scheduled launch.
Samsung Pay follows its main rivals Apple Pay and Android Pay to leverage the Australian market.
Making attempts to expand payments globally, Apple Pay has run into technical challenges, low consumer take-up and resistance from banks.
Although now more than a half of all transactions in stores are conducted with cash, the supermarket chain sees the growing poularity of contactless method.
With millions of users all over the world, the mobile payments technology is expected to significantly change and improve the way we pay for products and services.
Verizon dispels prior information and publishes official data that Galaxy S7 and S7 Edge will support Samsung Pay.
However, the number of retailers and consumers using mobile wallets as a convenient payment option remains relatively small.
PayPal has released its Here Chip Card Reader in the US, which accept traditional magnetic swipes, chip cards and contactless payments, like Apple Pay and Android Pay.