This particular idea could need some getting used to -- Samsung’s very own mobile payment system functioning in other handsets not branded with the South Korean phone maker’s name. But this idea could be brought to life soon. According to a report recently published by Gadgets 360, the world’s biggest seller of smartphone devices is apparently planning to bring its contactless mode of payment to other phones.
When the Venmo mobile payment app (which is owned by PayPal) started introducing support for third party apps last year, many saw the move as a ploy to get more money by way of additional business transactions, including those coming from Delivery.com, Parking Panda, and even Poshmark.
It goes without saying that Venmo is hardly the only service of its kind -- rival Zelle happens to have the backing of over 30 major banking institutions with operations in the United States, and on top of that, Zelle can transfer funds easily between the bank’s own mobile apps without ever needing to make use of a middleman such as PayPal or even Facebook’s Messenger platform.
Android Pay, the mobile payment system developed and released by Google, can now be used by Android users to facilitate peer to peer (P2P) money transfers from one country to another. This is made possible through WorldRemit, which revealed recently that it will now allow customers to send money internationally via Google’s contactless mode of payment.
Apple introduced a new major update to its mobile payment system during this week’s Worldwide Developers Conference (WWDC). The tech giant showcased a new peer to peer payment system, which basically lets iOS mobile users send and also receive cash right within the tech giant’s own iMessage app. People can then facilitate and validate payments by way of the iPhone maker’s Touch ID fingerprint scanner technology. If a user receives cash from another user, the money is stored on an Apple Pay Cash Card, that is until the user decides to withdraw it or send it to another person.
With industry leaders Samsung and Apple fully busy with trying to convince their customers to use their respective brands of contactless modes of payment, another tech giant is looking to join in on the fun.
Google’s own mobile payment system is making its debut in Canada this week, while enjoying support from several major banking institutions based in the Great White North. The launch of Android Pay in Canada was actually teased by the tech giant during its recent I/O developer conference held a few weeks ago, and according to a report recently published by MobileSyrup, the Canadian roll out of Google’s contactless mode of payment was expected to happen.
Google recently took the opportunity to announce new partnership deals its Android Pay service had struck with a number of banking institutions from across the globe. The deal involves having these partner banks integrate the tech giant’s mobile payment system into their respective mobile apps. The banks include Bank of America, USAA, Bank of New Zealand, and mBank.
Apple’s mobile payment system continues to expand its list of banking institution and credit union partners by adding more than 20 new names in the United States and a couple more in Russia. The tech giant has been busy with Apple Pay in the last three months -- weeks ago it had debuted the contactless mode of payment in Taiwan as well as in Ireland, which increases the number of countries with support for Apple Pay to a total of 15. Moreover, late in March, the company has added over 30 banks and credit unions across America, Australia, and China.
Google has officially pulled the plug on its Hands Free mobile payment program, a scheme that basically allows Android users to pay wirelessly without ever having to worry about pulling out a card or even a handset. This project ran only in the South Bay area of the city of San Francisco in California. It worked by first recognizing if a user is inside a participating business establishment by way of his mobile device’s location services. When the user utters the phrase “paying with Google,” Hands Free then facilitates the transaction via a Bluetooth LE or via Wi-Fi connection, and then the store’s cashier will only validate the purchasing through the user’s photo ID.
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. Samsung’s contactless mode of payment was launched in its homeland South Korea about a year ago, and has since been deployed in seven mobile markets across the globe, including the United States, China, Spain, and Brazil.
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