Samsung Electronics is gearing up to jump into the mobile-payment market–with plans to offer a payments service from its NFC-enabled smartphones, NFC Times has learned.
The mobile phone giant, which vies with Apple for the top spot in smartphone shipments worldwide, has hired a former director of mobile payment for Visa Inc. in Asia-Pacific and is building a payment and wallet platform around embedded secure chips in its future NFC phones.
The company plans to introduce both proximity and online payment and enable other payments service providers to do the same, NFC Times has learned.