Unlike Apple, Samsung Appears Willing to Open Embedded Chips to Banks for Their Own Apps

NFC Times Exclusive – Samsung’s NFC payments platform, Samsung Pay, is due to launch in the summer in the U.S. and South Korea. But it’s not the only payments service planned for Samsung’s new flagship smartphone, the Galaxy S6.

Unlike Apple, Samsung is not planning to close the embedded chip in its flagship devices even as it prepares to market its own payments platform. The South Korea-based device maker plans to charge an access or rental fee to the chip, at least in Europe, enabling banks to introduce payments with their own branded apps on Samsung's forthcoming flagship, NFC Times has learned. 

Samsung plans to release the Galaxy S6 and curved-screen version, Galaxy S6 Edge Friday, though the first payments services on the embedded chips inside the handsets won’t necessarily come immediately.