Samsung has contracted with world’s largest payment portal Visa to give its consumer a contact less payment option. The deal is reported to serve the purpose of expanding global mobile payment. Visa has deal with Oberthur Technologies to bring payWave to mobile phones.
The Global head of Visa, Mr. Jim MaCarthy said- “Samsung devices enabled with Visa payment functionality will no doubt be a powerful product offering, especially in markets where paying with a mobile device is becoming common place.” This is system is quite similar to Google Wallet that is powered by Google.
Samsung official has also cleared that this feature will be available in all next-generation Samsung Devices. But they don’t have defined what the significance of “next-generation” is. Right now Samsung Galaxy S4 is the holder of this Cashless Paymen technology.