Samsung is aiming to widen access to contactless payments

While Samsung's most high profile contactless payment push is the eponymous Samsung Pay — aka its mobile payments product, which competes with the likes of Apple Pay and Android Pay — the company is today bigging up another approach it's backing, with the not so catchy name of Contactless Compani… [Read More]

Summary… * Machine-Made


While Samsung’s most high profile contactless payment push is the eponymous Samsung Pay — aka its mobile payments product, which competes with the likes of Apple Pay and Android Pay — the company is today bigging up another approach it’s backing, with the not so catchy name of Contactless Companion Platform (CCP).
Potential payment devices could include anything from a payment card to a rubber wristband, a keyfob or a piece of jewelry.
“Samsung is looking for other wearable manufacturers to get on board and ‘payment-enable’ their devices to make them more attractive to customers,” he said.
Chipped devices are managed via a smartphone app, where they can be linked to a bank account and credit cards.
But they could also potentially be topped up via other methods, including with cash, as part of the mission to widen access to contactless tech.

Opinion… * Man-Made


Samsung is pushing technology towards a ‘cashless society’, where governments can get rid of their coins. #Trend

Source: Techcrunch