If you own a newer model Samsung Galaxy smartphone, you might see that Android Pay and Samsung Pay are both available to you and seem to serve the same purpose, so what gives? Android Pay and Samsung Pay are quite similar in that they both handle mobile payments. The user simply opens the payment application,
Samsung Has Acquired Mobile Payments Company LoopPay
After being rumored for a few months, it is now official. Samsung has acquired mobile payments company LoopPay. LoopPay is unique in the mobile payments market as it works with pre-existing magnetic strip card readers wirelessly. No NFC is required, making it the most prevalent type of payment system to date. Samsung has stated the following: