A European trademark application for "Samsung Pay Mini" has surfaced, indicating that Samsung may soon roll out Samsung Pay to all Android and iOS devices. While the service would not include the Magnetic Secure Transmission features that are included with Samsung's flagship smartphones, it...
Samsung Pay is growing at an incredible rate, hitting 5 million users since the service made its debut in September of last year. While the number is users is lower than Apple Pay's 12 million, the adoption rate of Samsung's wireless payment system has significantly outpaced Apple's service.
An industry analyst claims that Xiaomi, Huawei, and ZTE are working together to create a wireless payment platform for China which will be shared by the three companies, allowing them to compete directly with Apply Pay.
According to unnamed sources who work with both Wells Fargo and Bank of America, we will be seeing Android Pay enabled ATMs sometime this year.
These two banks are looking to expand these options and hope to add other types of mobile wallets like Apple Pay as well.
Gordon Smith, Chase’s CEO of consumer & community banking, made the announcement at the Money20/20 payments conference in Las Vegas on Monday.
In a video outlining the new product, Chase showed shoppers paying in stores by displaying a QR code to the cashier, not by tapping and paying through...