More Rumors Emerge for Development of Samsung Pay

The Samsung S6 is rumored to include a new mobile payment system that will compete with Apple Pay.

While Apple Pay has seen explosive growth in the United States, Android users have been looking for a better solution than Google Wallet, which beat Apple to the punch by a couple years but still floundered upon release. Samsung is hoping to be a better competitor with its S6, which is rumored to include a fingerprint sensor and a proprietary one-touch mobile payments solution.

According to reports from Korean media outlet D Daily, Samsung has partnered with LoopPay, a U.S.-based mobile payments startup that has 10 million merchant partners in the U.S.

LoopPay is already compatible with the Galaxy S4 and S5 models, as well as a slew of other Android devices as well as most Apple phones in circulation. It does this by adding an NFC payment processor to a phone case. LoopPay also sells a fob that connects to your LoopPay account.

The S6 will take mobile payments a step further by integrating LoopPay into the phone itself, and by adding security with a non-swipe fingerprint sensor.

These are still rumors for now, although Samsung has leaked details to the press in the past to generate buzz, so the chances of these rumors turning out to be true are high. Samsung will announce and officially release the S6 on March 1st at the company’s Galaxy Unpacked event in Barcelona.