Samsung buys LoopPay ... ApplePay competitor

Samsung Makes Move Into Mobile Payments

Excerpt:

Samsung Electronics Co. said Wednesday that it had acquired a U.S. startup whose technology is likely to underpin the South Korean technology giant’s new mobile-payment service. The deal to buy LoopPay Inc. of Burlington, Mass., represents the clearest signal that Samsung intends to compete aggressively with Apple Inc. in trying to change consumer behavior at the checkout counter. For Samsung, the LoopPay acquisition marks a further foray into building up an ecosystem of software and services that can set its smartphones apart from an increasingly crowded field of handset makers running Google ’s Android platform.

Comment: LoopPay site