• Let's Talk Payments, Tuesday, March 3, 2015 10:29 AM

The Mobile World Congress has become one of the most popular global events for showcasing new innovatio, not only in mobile but in adjacent industries such as well. Here are some notable highlights in payments and commerce from MWC 2015 in Barcelona. Samsung Electronics Co. Ltd. announced the latest in mobile payment services, Samsung Pay, ushering in a new era of mobile payments and e-commerce. Samsung Pay allows consumers to transition to secure mobile payments at nearly all merchant locations. To achieve this, Samsung leverages both Near Field Communication (NFC) and a new proprietary technology called Magnetic Secure Transmission (MST) to make mobile payments more accessible to merchants and consumers than ever before. To deliver a best-in-class mobile payment solution, Samsung has partnered with major payment networks such as MasterCard and Visa. Additionally, Samsung is working hard to expand the partnership ecosystem for Samsung Pay with key financial partners globally, including American Express, Bank of America, Citi, JPMorgan Chase, and U.S. Bank, to provide greater flexibility, access, and choice for customers while enabling a simple and secure payment experience.

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