Samsung bought LoopPay back in February to help bolster the tech of their own mobile payment service dubbed “Samsung Pay.” Boasting far greater compatibility than regular NFC-based payment systems, Samsung Pay was supposed to debut on the Samsung Galaxy S6, with Samsung saying they’d add the functionality in a future update since it wasn’t ready in time for launch.
Today, we’re learning that might not be the case. According to Samsung Executive Vice President Rhee In Jong, Samsung Pay has further been delayed and will instead launch on an upcoming high-end device Samsung has planned for September of this year. This device will more than likely be a followup to the Samsung Galaxy Note 4 and although a specific name wasn’t mentioned, it lines up with when we’d expect a new Note model to launch.
Analysts believe the launch of Samsung Pay comes at a crucial time for the company who will be up against competing services from both Google (Android Pay) and Apple (Apple Pay). We’re not sure if the situation is really that dire as mobile payments are still in their infancy struggling for wider adoption. In either case, if you were holding your breath in anticipation for Samsung Pay, you might want to wait for the Samsung Galaxy Note 5 or Samsung Galaxy Note Edge to launch first.
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