Samsung has finally acquired LoopPay, a mobile payment company which is in direct competition with Apple’s Apple Pay. In a bit to keep up with competition, Samsung has acquired the Massachusetts based startup, Loopay which turns magnetic stripes into secure and contactless payment solution. Users would be able to make payment Reports surfaced in December […]
Tag: LoopPay
Report: Samsung working on its own mobile payment system to rival Apple Pay in 2015
Samsung is reported to be looking to offer its own mobile payment system by 2015. The company is said to be in talk with a startup company based in Massachusetts, LoopPay. Sources familiar with the talks states that LoopPay has created a prototype which is said to have worked perfectly on a Samsung phone. The […]