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  1. What Is
July 19, 2016updated 06 Mar 2017 2:59pm

What is Samsung Pay?

The mobile payments solution is similar to Android and Apple Pay.

By Alexander Sword

Samsung Pay is a mobile payment and digital wallet service by Samsung Electronics.

Samsung Pay lets users make payments via their phones, with the service supporting contactless payments using NFC (Near-Field Communications).

The service was first launched in South Korea in August 2015. It was developed from the intellectual property of LoopPay, a startup which was bought by Samsung in 2015.

The service is not only compatible with NFC payment systems, but also those which only support magnetic stripes.

 

How does Samsung Pay work?

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