We just received some information about a possible partnership that will take place between Samsung and Paypal. This could be signed at MWC Barcelona on February 24th. Samsung already has it’s app for payments called Samsung Wallet, but it didn’t make a fuss since it’s available just in some countries. Google also has a similar app called Google Wallet just for U.S. users. It’s possible that Samsung is testing with Paypal a global app using NFC the key for all payments.
Last week we wrote that the new Samsung S5 will have a fingerprint sensor. With this payment app, the transactions could be easier as you won’t need to insert your PIN, you could just swipe your finger and there is it. This will be make the possibility to make online payments just by swiping your finger on the home button, and you won’t enter username or passwords.
The question is when the stores will make the move from cash payments to online payments. Without support from retail stores, all the mobile payment apps are useless, even if it are designed so well. But if Paypal and Samsung are working at a such app it’s possible that some stores at least will make this move.
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This is not an accurate information, so we don’t know if this will be a real app. But it’s interesting such a partnership, it shows the way the world will go. In short time, we won’t have money in our pockets, just cards, or even apps.
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