Samsung Digital Payment System Could Rival Apple Pay

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Credit card companies, banks, retail stores and e-merchants are lining up to accept Apple Pay.

Now, Apple’s chief competition in the smartphone arena may be on the verge of its own mobile payment system.

Samsung has reportedly been talking with the startup company LoopPay to develop a rival to Apple Pay. If this were to happen, Samsung would likely introduce the system in the coming year, according to a Re/Code report.

That same report suggests the relationship between Samsung and LoopPay is unknown. It cites two sources and one says the companies’ deal could still fall apart.

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from Blogger