Samsung Pay is on its way to your e-wallet

While you have been considering a switch to Apple given how Apple Pay has stormed the market and made those little transactions so easy, we suggest you rest assured that Samsung Pay will soon ease your woes.

Samsung has now joined hands with MasterCard to launch its contactless payment system across the globe. Starting with the United States and South Korea in the summer, Samsung Pay will enter European shores later this year.

It seems Samsung wants to have enough banks and partners to support its payment system in UK before the official launch, just so that it can hit the ground running.

Samsung Pay will be based on MasterCard's MDES technology which has resulted in tokenization of credit, debit, co-brand, prepaid and small business cards for use in e-wallet services.

Tokenisation services for app, eCommerce, and recurring billing card-on-file programmes will also launch later this year for European markets.

Once it launches in the UK, Apple Pay will not be the only rival it'll look out for. Last month, Barclaycard introduced new bPay wristband, bPay fob and bPay sticker for bPay users to make transactions of up to £20 through a secure digital wallet.

In addition, MasterCard is also working on a new biometric technology named ID Check which, a few months down, will let you to make payments at stores just by clicking your selfie!

As of now, Samsung has not confirmed on which gadgets will be able to support Samsung Pay, though we are sure the Galaxy S6, Galaxy S6 Edge and Galaxy Note 5 will support it, and so will Samsung Gear 2.

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