LoopPay tech will be part of Samsung Pay
Samsung Electronics has announced a new mobile payment service called Samsung Pay.
It combines what it’s calling Magnetic Secure Transmission - the technology used by its recent acquisition LoopPay - with Near Field Communication. As a result, it says consumers will be able to use secure mobile payments at ‘nearly all’ merchant locations.
A new report from Strategy Analytics shows that over 450 million households worldwide currently have a WiFi connection, which is a 5% increase from last year.
The UK is fourth on the list with 72.1% penetration, behind Norway (76.2%), South Korea (76.4%) and the Netherlands (80.4%).
LG Electronics has announced a new child-friendly mobile phone that’ll be available in South Korea from tomorrow, with a launch in North America and Europe planned for later this year.
The LG KizON is worn on a wrist band, allowing parents of pre-school and primary school children to track and call their offspring.
South Korean mobile phone network SK Telecom has announced the launch of 225Mbps LTE-Advanced, the first time this combination of speed and technology has been made available commercially.
It’s three times faster than conventional 4G LTE and fifteen times faster than 3G, which means consumers could download a 1GB movie just in 37 seconds.
Podcast - 18th June 2014
We open this week's podcast with news about the European Commission and South Korea working together on 5G mobile technology.
There's a quick look at Samsung's new tablet, some acquisition deals to talk about, a tax investigation, research into wearable devices and plenty of other mobile industry news as well.