• Chain Store Age, Tuesday, July 21, 2015 12:30 PM

Samsung is testing a mobile wallet solution, but it may be a while before U.S. consumers get to join in the fun. The consumer electronics giant announced in a blog posting that Korean consumers can now use a beta version of its Samsung Pay mobile payment application. Samsung Pay functionality is built into the hardware of Galaxy S6 and S6 Edge mobile devices, but select Korean consumers will have the first chance to try out the software and cloud services supporting the service. Samsung says Samsung Pay is the first and only mobile payment service that works with both near field communication (NFC) and card readers with magnetic secure transmission (MST) technologies, which means it is already compatible with most POS terminals.

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