The new service has been launched by Samsung and it is called “Samsung Pay.” There is much more of a significance to this product than it just being any typical application in the mobile market. It now introduces a much more user friendly side to one of the many things that people love doing- shopping.
Samsung Pay allows users to pay at retail locations using their smartphones. They can put their phones near magnetic stripe card readers which are already in wide use at retailers. Consumers have stated that it works almost anywhere you can swipe or tap a card, and in the past four weeks, transactions have been made.
This is going to be a big advancement for Samsung, and consumers are going to be leaning much more towards it.