LoopPay strikes Samsung Galaxy deals - Mobile World Live

LoopPay strikes Samsung Galaxy deals

08 JAN 2015

LoopPay, which was recently reported to be in talks about working with Samsung, announced two OEM deals at CES 2015 with phone case vendors that will enable its payment service to become available on the Galaxy S5 and Galaxy Note 4.

The firm also said it is working with chipmakers to embed its technology into silicon, making it easier for future OEM partners to incorporate it into their devices.

LoopPay has developed its own Magnetic Secure Transmission (MST) technology which it says enables retailers to accept mobile payments without needing a hardware upgrade.

XPAL Power will embed MST technology into its products, including a new back cover for the Samsung Galaxy S5 coming in early 2015, LoopPay announced in Las Vegas.

Likewise, Trident Case has entered into a strategic alliance with LoopPay to bring to market a new series of rugged smartphone cases that will carry MST technology.

Trident is developing a LoopPay-ready case for the Samsung Note 4 with availability later in 2015.

However, striking such deals might give LoopPay less reason to reach a deal with Samsung itself.

Nevertheless, CEO Will Graylin told Business Insider that MST technology will be integrated into a smartphone by the end of 2015, indicating its interest in pursuing a vendor deal.


Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

Read more