Now that the different states and territories across Australia have had time to digest the government’s announcement last week on easing COVID-19 lockdown restrictions under a three-step plan, we have summarised their plans for you here, with specific consideration to business. Last Friday, the National Cabinet introduced the three-step plan to give some clarity for Read More…
Samsung Pay trial begins
Fri 17 July 2015 - 12:36 pmBusiness Tech | Devices | Digital | Emerging Tech | Hardware | News | Tech | Tech Videos
There’s a new mobile payment platform on the horizon, and it’s officially started its trial period.
“Users of the Galaxy S6 and S6 edge are the first to have access to Samsung Pay, which will be accepted in more stores than any other mobile payment service in Korea,” read an official Samsung blog post.
“It is the first and only mobile payment service that works with both near field communication NFC and card readers with magnetic secure transmission (MST) technologies, which means it is already compatible with most retail locations’ point of sale terminals.”
Samsung Pay’s inclusion of MST technology means the platform will be able to be used at most POS terminals, as NFC is still yet to see widespread adoption.
Samsung’s new platform looks to have the core tech needed to give other services strong competition, especially Apple Pay, which recently launched in the U.K. after a successful U.S. run.
It was clear that Samsung intended to take on the big mobile payment platforms after they acquired LoopPay earlier this year, thus obtaining the company’s patented MST technology.
- May 14 2020 Shorter payment times incoming with the Payment Times Reporting Bill
- May 9 2020 What the National Cabinet has said about easing lockdown restrictions
- May 4 2020 Staffing platform Weploy develops free service for finding furloughed jobs
- April 21 2020 RBA: Economy could start to bounce back in September