São Paulo – Samsung will launch its payment technology in physical stores using smartphone in 2016 in Brazil. Call Samsung Pay, it will work on smartphones is compatible with smartphones Galaxy Note 5, Galaxy S6 Edge +, S6 and S6 Edge, as well as other devices that will be released by the manufacturer in the coming year.
Speaking the EXAME.com, Roberto Soboll, director of the smartphone area in Brazil Samsung, said the technology works in two ways: with NFC, a proximity communication, and MST (Magnetic Secure Transmission), a way to simulate the stripe Magnetic current bank card. This second technology Samsung has managed to buying LoopPay company in February this year.
“As a result, most Brazilian sales points is already adapted for paying with Samsung Pay” Soboll said. The spokesman did not say whether the idea is to bring the payment solution to the smartphone for the Rio Olympics next year.
Soboll also said the 2016 smartphone line should have more members supporting the use of Samsung Pay, since the presence of compatible devices in the Brazilian market is crucial for the technology to be widely adopted.
EXAME.com had the opportunity to use the Samsung Pay within Trial Gear S2 Galaxy Studio, launched today at Shopping Eldorado in São Paulo. The process consists of activating the app, sliding down finger up in the smartphone screen, selecting the card with which you want to make a purchase, enter a numeric password or fingerprint, and then pull the device to the payment terminal From the store.
The idea of Samsung is to end the habit of Brazilians to have several cards with you. “It’s much easier to disallow the Samsung Pay to your smartphone to have the headache to cancel the cards in case of loss or theft,” according Soboll.
In addition to Samsung, Apple is also in competition for payments with mobile phone market. However, the creator of the iPhone has not yet ruled on the launch of Apple Pay in Brazil.
Recently, MasterCard gave an interview to EXAME.com saying he believed that technology will take the place of ballots money.
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