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Samsung Pay Launch Now Slated For September

Samsung Pay Launch Now Slated For SeptemberSamsung unveiled its Apple Pay competitor earlier in the year, at the time flagging a mid-year launch, however it now appears launch of the service has been pushed back a few months.

Bloomberg has reported that Samsung has delayed the launch of Samsung Pay until September.

Samsung Pay will make its debut in the US and South Korea in conjunction with the company’s next high-end mobile device, Bloomberg reported Samsung executive vice president Rhee In Jong as stating during an investor call, with Samsung also planning to rollout the service in Europe, China, Australia and South America, beginning later in the year.

It is now expected that Samsung Pay will launch with Samsung’s Galaxy Note 5.

The news follows Google’s recent unveiling of its Android Pay service, with the mobile payments market attracting significant attention from tech heavyweights. Android Pay is also set to launch later in the year.

Samsung acquired mobile wallet solutions provider LoopPay earlier in the year, with Samsung Pay employing LoopPay’s Magnetic Secure Transmission technology, turning in-store payment terminals into contactless readers, which LoopPay states means no special equipment is required to accept payments with a LoopPay-enabled smartphone or device.

Bloomberg reported Rhee as stating Samsung Pay will be made available on devices other than Samsung’s flagship Galaxy S6 and S6 edge.