Samsung Pay

Samsung Electronics Co.’s new Galaxy S8 will employ facial-recognition technology for mobile payments within months of release, adding cutting-edge security to help the marquee device stand out from rivals such as Apple Inc.’s iPhone, people familiar with the matter said.

Bank of the West waited until the fall of 2016—many months longer than most banks—to offer its customers any mobile wallet. And when it did finally join the mobile wallet craze, it went all in.

Samsung Pay still rules the mobile wallet roost in its home base of South Korea, but Apple Pay and Android Pay could invade the market soon, new reports suggest.

Little-noticed during India’s cash-crunch late last year — triggered by the government’s demonetization of about 80% of its currency — was Samsung Pay quietly testing the waters in India with an eye to opening up vital new digital payment options in a nation that relies heavily on cash for everyday transactions.

Samsung is trying a number of plays to extend the reach of Samsung Pay, and plans to launch a Samsung Pay Mini app for online payments on all Android phones.

Consumer adoption numbers indicate most mobile wallets are stuck in the mud, but key wallet providers have made enough advances in other critical areas to suggest there is still potential in this market, Celent researchers say.

2017 promises to be a defining year for many in the payments industry. Here's a look at what to expect.

Nana Murugesan, Samsung vice president and general manager, spoke to PaymentsSource about Samsung's strategy for making its mobile wallet stand out in the increasingly competitive digital payments market.

Samsung has launched a $150 million venture capital investment fund to expand its partnerships and collaborations with fintech startups.

2017 promises to be a defining year for many in the payments industry. Here's a look at what to expect.