Samsung innovates Samsung Pay to rival with the Apple company’s Apple Pay. Samsung invites the selected Samsung S6 and S6 Edge owners specifically in Korea to sign up for the trial of Samsung Pay.
This service uses NFC technology which is also used by the rival companies such as Apple Pay and Google Wallet. Owners of Samsung phones will be able to make purchases with the use of magnetic stripe card readers. This technology is useful to Samsung users since this kind of payment is mostly used nowadays.
According to the Verge, Samsung announced that Samsung Pay will launch in September but due to the early launch of the rival company of Apple Pay, Samsung stepped up their game and is now testing the Samsung Pay in Korea.
Source: http://www.theverge.com/2015/7/16/8979251/samsung-pay-test-korea