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Samsung Ready To Rival Apple With Samsung Pay Later This Year

Samsung reportedly paid a hefty $250m to acquire Apple Pay competitor, LoopPay, earlier this year. The technology is to be used in Samsung Pay, and will reportedly allow users to swipe their phones at stores that accept the service. However, unlike Apple Pay, Samsung Pay uses technology similar to that used in card-swiping, meaning that most stores would not need to install new software to be compatible. Samsung Pay is slated to launch later this year.

Read the whole story at The Drum »

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