Rumor: Samsung smart watch with Pay functionality released late this year




n the second half of this year a Samsung smart watch that allows users to contactless payments, claims a Korean newspaper. The payment technology operates via NFC and Samsung would start in July if partners are Samsung Pay service.

The arrival of the smart watch with option to contactless payments was whispered by anonymous sources at the Electronic Times newspaper, reports Reuters. The wearable goes for his use of NFC payment functionality, just like the Apple Watch. Using information from a sdk showed earlier that Samsung is working on a smart watch with a round rotating bezel around the screen, which is probably also true wearable Electronic Times refers.

Late last week made ​​Samsung new details about his plans with Samsung Pay known. The service starts with partners in July and will be rolled out in Europe, South Korea, China, Australia and South America. In September, the service should be available to end users; By that time it is also expected the Galaxy Note 5.

The group’s goal is that 15 to 20 percent of its smartphone users in the first year of the payment option is available. By 2020, Samsung hopes to have 17 million users for the pay. Samsung Pay works with NFC, and with the MST technology, with which a magnetic stripe can be mimicked by a telephone to let generate a small magnetic field.


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