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Samsung Gunning for Apple in Race to Dominate Mobile Payments

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In the race to persuade smartphone users to start shopping with mobile wallets, Apple Inc. and Google are facing a stiff challenge from a newer contender: Samsung Electronics Co.

South Korea’s largest company, which is banking on its Pay service to be a differentiator in a stalling smartphone market, has signed up 5 million users and processed more than $500 million in transactions since debuting in the U.S. in September.

For more on this story visit the following link: Samsung Gunning for Apple in Race to Dominate Mobile Payments

Source: Bloomberg Technology

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