Samsung’s heir Lee Jay-yong has met yesterday with PayPal founder Peter Thiel at a Samsung-owned hotel in downtown Seoul, Korean media reports. The hour-long meeting has apparently been dedicated to Samsung Pay: “Samsung’s Lee may have asked for business advice from Thiel, who is an expert in fintech. Expectations are high that Samsung will soon launch a new competitor to Apple Pay.”
If Samsung’s buyout of LoopPay hasn’t convinced you that the company is launching its own mobile payment system, then this meeting definitely will. The beauty of Samsung’s solution that …
