Samsung Pay partners with the largest POS providers to speed up adoption rate of mobile payments

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Last updated: May 10th, 2016 at 14:26 UTC+01:00

Samsung has announced that its teamed up with the world’s largest point-of-sale (POS) manufacturers to improve the user experience and adoption rate of its mobile payment platform, Samsung Pay. This partnership should, in theory, result in more customers turning to the contactless payment service to purchase goods on a daily basis as it should be both smoother and quicker than inserting a card into a reader and entering a PIN.

The South Korean company also made it extremely clear that it hopes working with the POS vendors will enable Samsung Pay to be accepted in all bricks-and-mortar stores that process credit/debit card payments. It’s predicted that only once it’s welcomed in the majority of retailers will consumers start to use the service as their main wallet as there will be virtually no reason for them to carry a physical card.

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