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2016 might see Samsung Pay expand into online payments and compete with the likes of PayPal

By dkpope
Dec 29, 2015
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  1. [parsehtml]<p><img src="http://www.techspot.com/images2/news/bigimage/2015/12/2015-12-29-image.jpg" /></p> <p>There&rsquo;s a chance that soon you&rsquo;ll be able to use Samsung Pay in the U.S., whether or not you have an S6 or a Note 5. Reuters reports that the mobile payment service will most likely become <a href="http://www.reuters.com/article/us-samsung-pay-idUSKBN0UB1N520151228">available for lower-priced Samsung phones</a> within the next year. Samsung&rsquo;s global co-general manager Thomas Ko told the news agency that support for paying online will be &ldquo;coming soon.&rdquo; And that means that the service could step in the arena as a competitor with PayPal and others.</p> <p>Samsung Pay launched in the U.S. on September 2015, and unlike the NFC-dependent Apple Pay and Android Pay, it uses &quot;Magnetic Source Transmission&quot; technology to process payments. This is the same kind of magnetic code that credit card readers are compatible with already, which gives Samsung a significant advantage over their rivals&#39; reliance on protocols that aren&#39;t as widely supported by retail chains.</p> <p>For now, there&#39;s uncertainty around whether or not Samsung Pay will expand to accept payments online outside the U.S. But the general consensus online is that Samsung moving online is a good idea, and given the popularity of other services such as PayPal, it makes sense. But we&rsquo;ll have to wait to see what actually happens.</p> <p class="grey">Image Credit: <a href="http://www.shutterstock.com/gallery-1670995p1.html?cr=00&amp;pl=edit-00">Settawat Udom</a> / <a href="http://www.shutterstock.com/editorial?cr=00&amp;pl=edit-00">Shutterstock.com</a></p><p><a rel='alternate' href='http://www.techspot.com/news/63278-2016-might-see-samsung-pay-expand-online-payments.html' target='_blank'>Permalink to story.</a></p><p class='permalink'><a rel='alternate' href='http://www.techspot.com/news/63278-2016-might-see-samsung-pay-expand-online-payments.html'>http://www.techspot.com/news/63278-2016-might-see-samsung-pay-expand-online-payments.html</a></p>[/parsehtml]
     

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