Samsung Pay might work on non-Samsung smartphones next year

Samsung Pay may arrive on top Android phones from other companies

Samsung Pay may arrive on top Android phones from other companies

Previously this application was benefiting its own high-end devices, but now according to the recent report, it is very likely that Samsung Pay might work on other smartphones as well irrespective of their brand and price segment. So, to compete with these giants, Samsung has acquired the Massachusetts-based start-up firm, LoopPay for $250 million and in merely two years of acquisition, Samsung successfully acquires 34 million customers to its service as compare to Apple and Android Pay which now acquire 80 million and 24 million users respectively. But apart from that several months ago, the company has announced a miniature version of the Samsung Pay named Samsung Pay Mini which was actually integrated with some mid-range smartphones launched in India.

There are talks about the possibility of including Samsung Pay on to high-end devices from various companies and Samsung is also trying to make this service available for every Samsung user as the upcoming handsets will be featuring all the required hardware to enable MST technology which lets a compatible device work with any POS machine even though they do not have NFC support on the device.

Samsung Pay takes Apple Pay and Android Pay a step further by working just as easily with any credit card terminal as it does with NFC payments. For this, the source said, the company has held initial talks with other smartphone vendors.

Samsung Pay has recently added support for Paypal in the USA, having launched in the United Kingdom back in May.

Either this or direct cooperation with competitors to bring Samsung Pay to more smartphones may happen in the end, but regardless of which route Samsung goes we'll only see the fruits of this labor in mid-2018 reportedly. Samsung did not comment on Gadgets 360's queries.

If you want to use Samsung Pay you'll need to get your hands on a Samsung phone. According to marketing research firm Juniper, Samsung Pay had about 34 million customers as of earlier this year, second only to Apple Pay, which has over 80 million customers.

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