Samsung is thought to believe that its mobile payment application, Samsung Pay, will be able to battle its rival Apple Pay due to its use of magnetic secure transmission (MST) technology, which is enabled on the Samsung Galaxy S6, S6 Edge, S6 Edge+ and Note 5. The company has also been working with a number of banks in India for testing out their own NFC terminals at various locations across India.
Samsung is thought to believe that its mobile payment application, Samsung Pay, will be able to battle its rival Apple Pay due to its use of magnetic secure transmission (MST) technology, which is enabled on the Samsung Galaxy S6, S6 Edge, S6 Edge+ and Note 5. MST is said to add an additional layer of security to mobile transactions.