In a direct challenge to Google and Apple, Samsung are to launch the Samsung Pay mobile payments system. On Sunday, the world’s biggest maker of Android phones started a major campaign to challenge Apple Pay and Google Wallet. The electronics firm said it will not be long before they launch a rival phone-based payment system.The new Samsung Pay system will first come into play this summer in the U.S. and later on in other markets.
Samsung Pay will allow consumers to make tap-and-go payments with a smartphone in the same way as wireless contact payments works for debit and credit cards and Apple for example. The new initiative comes as Google is moving to strengthen their position in the mobile payments sector in order to compete with Apple Pay. Samsung Pay will be available on the new Galaxy S6; Samsung’s flagship smartphone, which was launched on Sunday at Mobile World Congress in Barcelona.
