Samsung Wallet unveiled – Google and Mastercard feel the pressure
The timing could not have been better for Samsung, it controls close to 31% of the smartphone market and has sold close to 213 million smartphone handsets in 2012 alone. So the next logical step for s hardware manufacturer of this scale would be to venture into the lucrative mobile payment arena. Unveiled at the company’s annual developer day as Samsung Wallet, the app works like Apple’s Passbook allowing the user to store their cards, boarding passes, coupons etc. Details are scarce at the moment but Samsung will not just stop at storing information it will move to enabling the phone to be used as a true wallet.
Samsung is inviting developers to know more about the new app by giving them access to the API.