Tag: nfc technology

Oberthur Technologies will assist in the deployment of Samsung Pay in Europe

Samsung is preparing to launch its own mobile payments platform, called Samsung Pay, later this year and the company has chosen to partner with Oberthur Technologies in order to launch the service in Europe. Oberthur Technologies provides end-to-end service for digital payments and will help deploy Samsung Pay in several European countries. Samsung Pay is set to compete with other mobile payments services that are also expected to be launched in Europe later in the year.

Mobile payments continue to grow among consumers

Samsung Pay is designed to allow people to make purchases from their phones. While this is not a novel feature, the platform can be used in physical stores to make payments, replacing credit cards and cash. The platform makes use of NFC technology, which is capable of transmitting digital information over short distances. With an NFC-enabled mobile device, consumers will be able to use Samsung Pay in stores that have NFC-enabled point-of-sale systems. Currently, a relatively small number of retailers support such technology, but that is changing as mobile payments become more popular.

Samsung intends to uphold the convenience of mobile transactions

Mobile payments have become an important focus for companies like Samsung. These companies see a great deal of promise in the mobile payments space, as consumers have shown great favor for platforms that allow them to make payments in convenient ways. This convenience is the soul of mobile payments and has been one of the sector’s most attractive features. Samsung is hoping to make its payments service as convenient as possible in order to ensure that it is appealing to consumers.

Samsung will have to fight for attention amongst other companies involved in mobile payments

Samsung Pay is expected to come pre-installed on the new Galaxy S6 and Galaxy S6 Edge devices. These devices are likely to be launched later this year. Samsung will have to compete aggressively in order to win the favor of merchants and consumers alike, vying for attention against other companies that have launched similar mobile payments service in the past few months.

The agreement has been designed to give the two companies a new opportunity in the Ghana market.

Verifone Mobile Money has now partnered with Airtel Ghana in order to be able to provide a new mobile payments solution that is based on NFC technology that can be used through mobile devices within that country.

The near field communication based service will make it possible for consumers to “tap and pay”.

The idea behind the partnership is to be able to use this NFC technology to be able to provide consumers with a simpler and easier method of paying for the products and services that they wish to purchase. The transactions are designed to be both convenient and secure. This partnership will bring the strengths of both companies into a single transaction service that will become widely available.

The NFC technology based transactions will be available at a range of sale outlets across Ghana.

These mobile payments will be available to be used by owners of NFC enabled devices at the many Airtel Merchants as well as other point of sale outlets throughout the country. This will provide a process for completing transactions that is very quick and easy. Once a customer reaches the checkout counter, all he or she needs to do is tap the near field communication enabled smartphone against a reader device in order to launch a payment by way of the individual’s mobile wallet.

That said, it will also be possible for people who don’t have NFC enabled smartphones to be able to pay by way of this technology by using an enabled sticker that will also give them the technology that they require.

The Verifone Mobile Money chief executive, Chris Jones spoke about the NFC technology based payments agreement between the two companies, saying that it “will deliver developed world technologies to the customers of Airtel Money. We believe that NFC technology and the roll out of contactless “tap and pay” across the African continent will help to realize the true economic benefits of cashless economies while driving mobile money adoption through an improved merchant payments experience.”