Android Pay made its first Asian appearance in Singapore back in late-June. A couple months later, in August, rumors began circulating that Google was in negotiations with numerous financial companies to prepare for a launch in Japan. Names of the likely partners included: Mitsubishi UFJ Financial Group, East Japan Railway Company, Rakuten, NTT Docomo, and JCB, to name a few. Since then, details have been sparse; but with evidence discovered in the latest update to Android Pay, it's now clear that a deal has been struck with Rakuten. Read More
Even as we're swimming in mobile payment systems from such wide poles of the electronics world as Google to WalMart, one has to admit that Samsung Pay's ability to pay for goods and services using most standard card-swipe machines is pretty neat. A recent report from Reuters says that Samsung has even more plans for mobile payments, and it doesn't have much to do with "mobile" at all.
Reuters quotes Thomas Ko, a co-general manager of Samsung Pay, who said that the service would be coming to a wider variety of Samsung phones and to online payments "within the next year." Expanding the contactless payment system to more mobile devices is a no-brainer - the more people that can use it, the more Samsung earns in transaction fees. Read More