Do you use Samsung Wallet? Did you get their email notification? It not, let me spoil it for you: Samsung Wallet will be discontinued after June 30, 2015. This is the transition from Samsung Wallet to Samsung Pay.
Samsung Wallet was a service that allowed Samsung customers to store coupons, plane tickets, and mobile apps, among other services. Samsung hooked up with companies like Walgreens, American Express, and United Airlines to make Samsung Wallet a reality. This was a deliberate move to compete with Apple Passbook. But now, the attention shifts to Samsung Pay, which will compete with Apple Pay. Like it’s competitor, Samsung Pay will combine mobile payments with credit card readers. Samsung smartphone owners can pay with their phone, just like Apple device owners can use Apple Pay for the same reason. Samsung Pay could make it’s debut in the US and South Korea as early as September 2015. How appropriate: That’s around the same time Samsung’s latest devices, the Galaxy S6 and S6 Edge is expected to be released all around the world. Timelines are unconfirmed, so these debuts could come earlier or later. But I predict a soon showdown between Apple and Samsung over mobile pay services. Who has the advantage?
Although Samsung offers no explanation for the stoppage of Samsung Wallet, even a fifth grader can see the strategy. After the June 30 deadline, no coupons on Samsung Wallet will be any good. Any tickets and reservations will be accessible only through existing partner apps. So come July, Samsung Wallet will be as good as Windows XP?. So the stage is being set. The competition between Samsung and Apple is intensifying. Some experts say Samsung Pay hast the edge because it’s compatible with older store check-out terminals. Only time and the future will tell. Who will win the mobile pay wars?