Samsung Developing Mobile Payments Service
Although mobile payments have been around for over half a decade, it wasn’t until the October launch of Apple Pay that U.S. consumers, banks and retailers rallied behind the technology. Samsung wants a piece of the action as well, and is reportedly working with U.S. startup LoopPay for a partnership as early as next year. The service will run on Samsung’s Galaxy smartphones and potentially on Android Wear, Google’s new smartwatch OS. This would void the contract Samsung apparently wrote up with PayPal, putting the Here payment service on the watch.