Samsung Pay is doing all it can to make things difficult for Apple Pay, and that could include bringing the fight to its own backyard. Samsung is said to be working on porting its mobile payment service to the iPhone — but there is a catch.
Samsung Pay is almost identical to Apple Pay, but it does have some advantages that give it the edge.
Not only do users get to take advantage of some sweet offers — like free headphones and gift cards — but Samsung Pay is also capable of communicating with traditional magnetic credit card readers, so NFC-equipped payment systems aren’t necessary.
Now Samsung wants to step up its fight against Apple’s service by bringing Samsung Pay to the iPhone, but it will be a watered-down version. If you’re an Apple user looking to make seamless payments, check out this guide on how to use Apple Pay on iPhone and see how it compares to Samsung Pay. Read more about iPhone’s Tap to Pay expansion in Europe.
According to ET News, the service will be called Samsung Pay Mini, and it will be exclusively for online transactions. That means you won’t be able to take advantage of that magnetic secure transmission, or even NFC payments in retail stores.
It doesn’t sound quite as exciting now, does it? In fact, I can’t think of anyone who would bother setting up Samsung Pay on an iPhone just to use it to pay online when so many other services are already available.
But it will be interesting to see how the move plays out, and what Samsung will offer iPhone users to encourage them to try its service. Sources say Samsung Pay Mini will hit iOS in June, and could even arrive on Mac and PC later this year if it’s a success.
Via: SamMobile
Killian Bell is a freelance writer based in the U.K. He has an interest in all things tech and also covers Android over at CultofAndroid.com. You can follow him on Twitter via @killianbell.
6 responses to “Samsung Pay could soon be available on your iPhone”
Please help me out here, but morons or idiots the right term?
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Apple stores your credit card tokens in its Secure Element. This part of the iPhone is resistant to tampering. It’s said that if you try and read the element directly, it explodes. Samsung pay would just store you card or token on either their servers, or in the encrypted disk or encrypted memory of your iPhone, where it would not be resistant to tampering.
You dont know how Samsung Pay works. Read up on Samsung Knox.
Killian, do you really know what Samsung Pay is ? Samsung Pay is NOT merely “another mobile payment system”. What makes it particular is the hardware component called “Magnetic-Secutiry-Transmitter” inside some specific Samsung’s smartphone models that can mimic a traditional magnet strip card. When you want to make the payment you just hold your phone near the card reader, and it will change the magnetic field around the phone in sequence to simulate the card movement. As a result, you can use Samsung Pay in retro store that does not have an NFC reader. It does not make any sense for non-Samsung users to switch to Samsung Pay on their phone — without that special hardware component Samsung Pay is not any good comparing to other mobile payment service.