It was quite some time ago that Samsung announced their mobile payment system, called Samsung Pay.
When it was first announced Samsung didn’t reveal a release date, however this week they did, announcing that Samsung Pay will be available around the world from September, ready to tackle the already existing mobile payment systems, Apple Pay, Android Pay and more.
Samsung thinks it has made Samsung Pay different enough to make the service worthwhile, allowing users to make payments through terminals that support Magnetic Secure Transmission with NFC.
This comes after Samsung acquired LoopPay earlier this year. When it launches it will be available with the Galaxy S6, S6 Edge, Note 5 and S6 Edge Plus. Samsung says that Pay has the potential to be accepted at more than 30 million merchant locations around the world.
Samsung has also announced that they have partnered with a number of services including MasterCard, Visa, American Express and more.
Samsung Pay will also use Samsung’s KNOX technology, with no account numbers being revealed at the point of sale, as Samsung will be using one-time codes to authenticate transactions, with a user’s fingerprint required to authenticate a transaction.