Samsung Combines Samsung Pay and Samsung Pass to Samsung Wallet
Samsung plans to expand the Wallet’s functionality to store official identification cards like student IDs and mobile driver’s licenses.
Samsung Pay is a mobile payment and digital wallet service by Samsung that lets users make payments using compatible phones and other Samsung-produced devices. It works with a variety of contactless payment terminals, including NFC, magnetic stripe, and chip-based systems. For check-out devices which use Magnetic Secure Transmission, a device equipped for Samsung Pay simulates the signal produced by a card using that technology, making it so Samsung Pay can work “virtualy anywhere you can swipe your card.”
The service was launched in South Korea on August 20th, 2015 and in the United States on September 28th of the same year. In the 2016 International Consumer Electronics Show (CES 2016), the telecommunications company announced that Samsung Pay will be available in Australia, Brazil, Spain and Singapore
Samsung plans to expand the Wallet’s functionality to store official identification cards like student IDs and mobile driver’s licenses.
The new Visa crypto debit from Eidoo and Contis will allow Bitcoin and Ethereum investors to spend their holdings at 40 different merchant locations across the U.K. and Europe by using Moneyfold’s stablecoin facility for crypto-to-fiat conversions.
At the moment of writing, Visa stock is 3.69% up, $175.69 per share in the-premarket. Mastercard is also upgrading, making up $275.95 per share.
Samsung has officially announced that it will collaborate with the Finably fintech firm, a Ripple’s partner, to launch an international money transfer service on the Samsung Pay app targeting US users.
It has come to light that the world’s 4th largest smartphone manufacturer, Xiaomi, wants to enter the consumer lending business in the crowded Indian market in the coming weeks, recent news report.
Crypto adoption for the masses still seems like a distant future but one London-based fintech believes it has the answer to stand out from other competitors in the industry.
Samsung may have offered the entire crypto market a lifeline through the introduction of new devices with built-in crypto support features enabling users to transact using digital tokens.
Samsung Pay’s massive global user base can help in the mass adoption of digital currencies and can possibly offer an exponential growth to the payments platform.
Enjin is chosen by Samsung to back a blockchain wallet in Galaxy S10 smartphone, fueling the strongest single-day gain in the history of the Enjin Coin.
Yesterday I had an opportunity to see (and try) new Samsung Galaxy S10. It is long awaited and the latest entry in the hugely-successful Galaxy S range. From the moment you pick it up the latest flagship, it’s clear that a lot has changed.