Samsung Electronics and NXP Semiconductors have confirmed that Samsung’s next flagship smartphone, the Galaxy S III, will sport an embedded secure chip, in addition to supporting applications on SIM cards.
The phone could be used for the Google Wallet, which requires an embedded chip in the United States, as well as for wallets planned by mobile operators, which would largely be anchored to SIM cards the telcos will issue, NXP confirmed. Visa Inc. and MasterCard Worldwide have already certified the phone to store their respective contactless applications on SIM cards, with approval of the phone with the embedded chip likely to follow.
But Samsung, which some analysts estimate was the largest supplier of smartphones and total handsets worldwide during the first quarter, could own the embedded chip itself in certain markets to enable payment and other applications from service providers–likely outside of the U.S.