Samsung Pay coming to Korea, U.S. in second half of 2015

Yesterday Samsung released their first quarter financial results against a backdrop of a new report showing they had regained the lead as the world’s largest smartphone manufacturer. After the results were revealed during the company’s conference call, Samsung Electronics’ Managing Director Park Jin-young spent some time discussing the new Samsung Pay platform. He revealed that the service is on track to roll out to Korea and the U.S. in the second half of 2015.

A release schedule for “the rest of the other countries following Korea and the US in the second half of the year is still under discussion.” Park also mentioned compatibility of Samsung Pay with Samsung smart watches would not be disclosed until the launch of the new service. Thus far Samsung has focused on building in support for the new Samsung Pay platform in the Galaxy S6 and Galaxy S6 edge. One of the key components is support not only for NFC, but also a new technology called MST (Magnetic Secure Transmission). MST means payments can be accepted by vendors with traditional magnetic stripe credit card readers.
source: Whowired
via: G for Games