AAPL Stock: 118.03 ( -0.85 )

Printed from

Samsung, Visa deal adds payWave mobile payments to phones

updated 04:55 pm EST, Mon February 25, 2013

Future NFC-enabled Samsung devices to have app preloaded

Visa and Samsung has inked a deal that could help speed up the adoption of mobile payments globally. The initiative will see the phone manufacturer preload the Visa payWave applet onto future devices that use NFC technology, as well as helping financial institutions to push payment information to the mobile devices as an over-the-air update, for storage directly on the device.

The deal stems from previous pilot schemes between the two companies, the most notable of which took place at the Summer Olympic Games in London last year. While the most recent Olympics did not take advantage of payWave technology, it did enlist the use of over 3,000 contactless terminals across the games venues, and the introduction of a commemorative smartphone for the event. The next Olympics are said to extensively use payWave.

No mention has been made as to what Samsung devices will be preloaded with the payWave app, nor if it is possible for the system to be implemented on existing mobile devices.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented