Samsung Pay Makes Galaxy S6 a Better Mobile Wallet

BARCELONA -- Samsung Pay might sound like Apple Pay, but the Korean company's new mobile wallet solution aims to reach far more registers than that of its rivals. Revealed at Mobile World Congress 2015, Samsung Pay will work with both NFC-based and traditional point-of-sale systems when it arrives for the Galaxy S6 and S6 Edge this summer.

Like Apple Pay, Samsung Pay allows for mobile payments via near-field communication (NFC). Unlike Apple Pay, however, Samsung's new platform also uses the company's proprietary Magnetic Secure Transmission (MST) technology to allow for cashless payments at virtually any traditional register that accepts credit cards.

MORE: Galaxy S6 Hands-on Preview - What We Love, What We Don't

Thanks to this wide range of compatibility, Samsung says that Samsung Pay could potentially be accepted at 30 million retailers around the globe. Using the service is similar in process to Apple Pay: Users register their credit cards with the Samsung Pay app, choose a stored card when they're ready to pay, authorize the purchase with their fingerprint and tap their phone to the point-of-sale terminal.

Samsung Pay utilizes both Samsung Knox and ARM TrustZone to keep payments secure, and those who lose their device can use the company's Find My Mobile function to wipe Samsung Pay data remotely.

The announcement of Samsung Pay comes just weeks after Samsung revealed its acquisition of mobile payments company LoopPay. LoopPay's smartphone cases and dongles allow users to make cashless payments at any traditional magstripe register, though Samsung didn't specify whether that specific technology powers Samsung Pay.

There's currently no word on whether Samsung Pay will be coming to any other Samsung devices, but we look forward to testing the potentially far-reaching service when it hits the U.S. this summer.

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  • bak0n
    Looks like I will be getting and S5 when they start discounting it!
  • Husk
    I agree with you
  • Goldfish78
    What a stupid move, who wants a metal phone just to put a plastic cover on it anyway... Focus in the practical use, removable battery, sd card slot, water resistance are way better options on having a metal finish if that why they dish the previus benefits.. The new design is beatiful i'll give you that the edge is very nice but there no reazon to eliminate or to step back from what you already offer o stablish in my opinion this is a monkey see monkey do, not a very welcome to the bunch S6 go and sit with your cousin the iphone 6.