Companies race for secure smart paying

Global Business

Samsung and Google are both taking aim at Apple pay with their own mobile payment systems. CCTV’s Mark Niu takes a look at the players leading the technological charge toward a cashless world.

Companies race for secure smart paying

Samsung and Google are both taking aim at Apple pay with their own mobile payment systems.

Highlights:

  • Samsung is expected to launch Samsung Pay this summer and Google is working on Android Pay, expected to be unveiled in the coming months.
  • Digital market researchers predict transactions via smartphones and tablets will surpass three trillion dollars by 2017.
  • Mobile wallets are expected to continue to substitute for credit cards as tap-to-pay technology grows more sophisticated.