The smartphone market has mostly saturated and is suffering from a dearth of innovative ideas, so it’s not surprising that manufacturers are now focusing on smartwatches as they look towards finding the next big growing market. Samsung has been at the forefront of launching smartwatches in the last year, and now, rumors out of the Korean media indicate that the company is working on a smartwatch with a fingerprint sensor and a new payment system in collaboration with PayPal. The latter will apparently be made available in almost 50 countries, and offer consumers the possibility of buying products before entering an actual product stores.
The payment system will provide promotional information of nearby stores to the user, so they can choose a product and make a payment after entering the store. The fingerprint sensor will likely be used for quick authentication in stores, similar to how it is done on the Galaxy S5. According to the source of this information, this new smartwatch could see the light of day at Mobile World Congress next year, a time frame that would put the watch in competition with the upcoming Apple Watch.