Samsung Pay to Compete with Apple Pay Starting in April 2015
Apple Pay rival list is long as the iOS giant is not the first company that entered the mobile payments market. Still it was Apple that managed to push its new service into the limelight making it extremely popular in the U.S. among users who have the iPhone 6 or iPhone 6 Plus. Samsung Pay has been rumored for a while and now it has been officially confirmed by the company that is about to launch Galaxy S6 Edge and S6 smartphones.
The number of Apple competitors is quickly growing. The success of the Cupertino-based company has been noticed and other firms wish to repeat it. The new Samsung cell phones will get metal and glass just like Apple’s seventh-gen devices. The name of Samsung mobile payment system sounds so similar to Apple Pay. These details are too obvious to not pay attention at.
Apple and Samsung compete on different markets. Their gadgets are present on the smartphone market and now with the entrance into the mobile payments field the two companies will directly fight for customers there. Users will have to choose which smartphone to buy as this influences their opportunity which payment option to use.
According to the Galaxy creator, its payment system will support a huge number of platforms because the company works with both MST and NFC systems. In other words, since it works with magnetic strips and near field communication it can make Samsung Pay strong and available just about anywhere.