Samsung Pay is expected to work with smartphones of other brands.
Gadget 360, a US information technology (IT) media channel, reported that Samsung Electronics began initial negotiations to load Samsung Pay on its rivals’ smartphones.
Samsung Pay is the first Samsung mobile payment system which was loaded into the Galaxy S6 in 2015. A user can pay by simply putting the Galaxy S6 on a payment terminal.
Samsung Pay is competing with Apple Pay, LG Pay and Android Pay in the global mobile payment market. It is assumed that Samsung is surreptitiously negotiating with smartphone manufacturers virtually devoid of mobile payment systems of their own development in China, Taiwan and India except for Apple, LG Electronics, and Google.
Other manufacturers have to install relevant parts separately in order to load their smartphones with the Samsung Pay solution. It is said that to this end, Samsung Electronics is planning to offer parts to other manufacturers or to sell separate accessories that are attached to products.
Samsung Electronics is planning to develop Samsung Pay into a platform that connects global smartphone users together rather than simply scaling up sales of Galaxy smartphones. It is essential to create an open ecosystem for Samsung Pay.
"Samsung is planning to launch Samsung Pay in mid-2018 after deciding how to supply Samsung Pay to other manufacturers," Gadget 360 said.