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

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.