Injong Rhee, the vice president of Samsung, is happy to reveal that the South Korean tech giant’s own mobile payment system, Samsung Pay, has been used in about a hundred million transactions in its first twelve months.
It appears that it might already be possible for iOS mobile users who have access to the cardless automated teller machines (ATMs) that Bank of America rolled out earlier in 2016 to withdraw money from said machines by way of the Apple Pay contactless mode of payment installed in their iPhone devices.
Samsung's mobile payment service, aptly named Samsung Pay, has finally hit the European market. Earlier today, the South Korean firm launched its mobile payment platform in Spain, hitting a milestone as the first national rollout in Europe. Prior to this launch, Samsung Pay was only available in South Korea, the United States, and more recently in China.
Apple has just revealed that Apple Pay, its mobile payment system, will now support credit and debit cards running on the Visa or MasterCard credit networks, plus the Interac debit network, for all the top five major banking institutions, as well as two smaller bank entities, in Canada. Indeed, as of May 10th of this year, Apple Pay is already available from the following:
Samsung has recently revealed that it has forged new, strategic partnership deals with some of the foremost manufacturers of point of sale (POS) systems in the world, including Verifone, Ingenico Group, First Data and Clover, PAX Technology, Equinox, ID TECH, MagTek, USA ePay, and OTI Global.
Verizon Wireless, the biggest wireless carrier in American, and Samsung, the world’s number one seller of smartphones, have each launched limited time special offers for mobile users looking to use Android Pay and Samsung Pay mobile payment systems. Those who avail of the promos can get to receive freebies such as gift cards and even free gigabytes of data.
Attention, owners of Samsung’s newest flagship devices, the Galaxy S7 and the Galaxy S7 Edge -- the South Korean mobile giant is offering a bonus $30 gift card for S7 or S7 Edge users who sign up for Samsung Pay and complete their first qualified purchase using the Samsung Pay mobile app.
The largest oil and gas company in the world has just deployed a new feature that makes full use of Apple Pay, as well as a credit, debit, or checking account stored on its Speedpass+ mobile app. Indeed, ExxonMobil has joined the list of corporations (albeit still limited) taking advantage of mobile payment systems, which empower consumers to pay for products or services using their mobile devices.
Google is already in the process of deploying its Hands Free program, which basically is a voice operated mobile payment app (separate from the tech giant’s own Android Pay mobile payment system) that allows consumers to pay for stuff they purchased without having to pull their smartphones out from their pocket or bag.
A couple of banking institutions in the United States are working on integrating Apple Pay into their respective automatic teller machines (ATMs). It appears that both Bank of America and Wells Fargo already have their engineers busy developing options for Apple’s mobile payment system. Apple Pay has made some headway since it was launched by the iPhone maker in October in 2014, but having the system used together with ATMs is another whole new level entirely.
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