Partsun Blog

Samsung Would Push Payment Without NFC To Compete With Apple

Two months after the debute,Apple Pay,the Mobile Pay Business in Apple,increased attractiveness constantly.According to local media reports,Apple announced recently that there are dozens of American banks,retail stores and venture companies decide to support this business.More and more new partners'joining make Apple Pay getting hotter and hotter,it is said that in Apple Pay's early appearance,it has finished 150 thousand trades.And from McDonald's data,Apple Pay has reached 50% of the click payment share.

As one of the two strong smartphone manufacturers in the market,how can Samsung Electronics stand by idly? Previously,Samsung and global mobile payment vendor PayPal have reached a cooperation.In parts of the Samsung smartphones that supported fingerprint scan,it would also support fingerprint PayPal payment that by fingerprint scanning to authenticate users.However,the influence of this cooperation is not better than Apple Pay.

So Recently, according to the reports coming out from American science and technology website,Samsung came up with another idea to cooperate with an American payment company named LoopPay,together to develop the smartphone payment tool in no need of installing the NFC terminal.

The LoopPay mobile payment did not adopt either the fingerprint identification or the NFC,but selected a new wireless transmission technology.It would copy users' information from the magnetic stripe of traditional credit card or debit card, and paste them to the hardware like mobile phone protection shell or even key string.Users could make these hardware close to the payment device,and then it could realize the effect of the credit card through a unique electromagnetic field technology.

Insider in LoopPay said that their company's proprietary of payment technology may be integrated into a smartphone mainstream in order to achieve mass market penetration.However,this person did not mention about Samsung.

The payment function would be one of the market that the smartphone manufacturers would compete for in the future.If Samsung can successfully integrate this technology to a new smartphone,then in 2015 there may be various battles of mobile payment scenes appearing in the market.For both consumers and business men, easy operation,safe and low-cost would be the main factors to measure who will walk further in mobile payment in the future.