Samsung is acquiring the company behind the Galaxy S6’s Apple Pay competitor

[Wireless News]

Samsung is getting serious-about mobile payments. According to Business Insider,-Samsung is planning to buy LoopPay, a mobile payments company that uses technology which allows users to make payments-with traditional credit card readers. This could give LoopPay an advantage over the-more limited Apple Pay. DON’T MISS:-HTC One M9 vs. Galaxy S6: Leak reveals a battle HTC isn’t ready to fight A report from Re/code last year revealed that Samsung would be incorporating LoopPay’s-technology into its next flagship device. We expect to hear plenty more about the Galaxy S6 and the acquisition-of LoopPay at Mobile World Congress on March 1st. The full press release from Samsung follows below: Samsung Electronics Co., Ltd. today announced that it has agreed to acquire LoopPay, the

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