Google introduces its mobile payment rival to Apple Pay
Google has launched its Android Pay mobile payment service in the UK today.
It first introduced the service to the USA around nine months ago.
Podcast - 15th January 2016
Iain Graham, James Rosewell and Mark Bridge return to review their mobile industry predictions from last year. Which mergers, partnerships and developments did they forecast correctly... and which didn’t work out as planned?
Later in the programme, the team anticipates some of the topics that will be hitting the headlines during 2016.
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.
Samsung Electronics has agreed to acquire mobile wallet service LoopPay.
LoopPay’s products can allow a retailer’s conventional card reader to also accept contactless payments, with the ability to work with around 90% of all point-of-sale terminals in the USA.
Google has acquired the technology from mobile wallet company Softcard, which it will be combining with its Google Wallet service in the USA.
It means that customers buying an Android phone from AT&T Mobility, T-Mobile USA and Verizon Wireless will have the Google Wallet NFC payment app pre-installed.