Never one to be outdone by its biggest competitor, Samsung is now looking to launch its own mobile payment service to rival Apple Pay. Sources told Re/code that the South Korean tech giant is in talks with startup LoopPay to let people pay for goods using their phones. Samsung has previously allowed NFC payments on certain networks and with partners including Barclaycard, but if it teamed up with LoopPay, the service would be expanded more widely. Never one to be outdone by its biggest competitor, Samsung is now looking to launch its own mobile payment service to rival Apple Pay (pictured at its launch with Tim Cook). Sources said the Korean tech giant is in talks with startup LoopPay to let people pay for goods using their phones
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Samsung is said to be in talks with Massachusetts-based startup LoopPay
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LoopPay offers cases and cards that let people pay for goods wirelessly
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Its app and technology could be built into future Samsung devices
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It would use NFC technology and would rival Apple Pay
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Service is available at more than 90% of shops, compared to Apple’s 3%
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Samsung has previously allowed NFC payments on certain networks
But its deal with @placeholder would make these services more widely available