Samsung Pay might work on non-Samsung smartphones next year

Share

In terms of execution, two very different approaches are allegedly being considered, with either a "specialized chip" enabling MST support heading for unnamed products of unnamed "other" OEMs or a separate accessory of some sort coming directly from Samsung to "bridge the technical barrier". Current negotiations are reportedly limited to high-end devices only - according to the same source, Samsung is also planning on including the full Samsung Pay functionality in more of its mid-rangers.

Well, the NFC tap-and-pay on Samsung Pay will work seamlessly on other flagship devices, but we are not so sure about the MST technology that is not usually present on other non-Samsung phones. To that end, Sammy is also exploring a second option: an optional accessory loaded with the needed hardware. What about Android Pay and other mobile payment solutions; do you use any of them and if so, which ones?

To enable support for full-fledged Samsung Pay on rival's smartphones, those companies need to add a specialised chip that enables MST technology on their handsets.

Either or both of the strategies could be finalised, the source said. Unfortunately, none of these have been confirmed by Samsung thus far. That move wouldn't be too surprising, considering Samsung acquired LoopPay prior to the rollout of Samsung Pay a couple of years ago.

More news: José Mourinho says Man United are not 'big candidates' for title
More news: Karp Capital Management Corp Acquires New Stake in QEP Resources, Inc. (QEP)
More news: Say Goodbye to Adobe Flash Player Before It's Getting Eliminated

On paper, there's no denying that Samsung Pay has a lot to offer but with less supported banks than Apple Pay or Android Pay, there's still parts of the service that the Korean OEM needs to improve before it can become truly mainstream. Juniper Research reported back in April that Samsung pay already had 34 million users, while Android Pay had 24 million and Apple Pay had 86 million. Even if Samsung doesn't do this elaborate expansion, it's already expanding the service to other countries.

Samsung's mobile payments service, called Samsung Pay, is only available on select flagship and premium mid-range smartphones as well as the Gear S3 smartwatch in certain markets.

What do you think of Samsung Pay and do you use it on your Samsung smartphone?

Share