Samsung just bought the mobile payment start-up, Loop Pay. However, there is still silence about the price. Now Samsung has its own “mobile wallet” and is in competition with Apple Pay.
Samsung will continue Loop Pay as an independent affiliated company of Samsung Electronics America.
LoopPay will work at 90% of retailers that accept credit card
can be used without NFC-technology
- wireless transfer of payment details
- no adjustment in shops are necessary because loop pay simulates the magnetic stripe of credit card
- usable also with credit / debit cards
We are excited about the new technology!