In the latest development, Samsung today revealed Samsung Pay, a new mobile payment strategy, combined with its new Galaxy S6 and Galaxy S6 Edge smartphones. Samsung Pay relies on two technologies: a new magnetic transmission capability from startup LoopPay embedded as a copper ring inside the Galaxy S6 and the older Near Field Communications technology used in earlier Galaxy S smartphones.
The two phones will ship April 10 in 20 countries , including the U.S., but Samsung Pay will not go live until this summer, first in the U.S. and South Korea.
