As part of its phaseout process, Samsung discontinued MST support beginning with the S21 Samsung series phones, PaymentsJournal reported. NFC transactions are gradually replacing an earlier technology, Magnetic Secure Transmission, which facilitates wallet payments to merchants that don’t yet have NFC capabilities.
The latest Samsung smartphones have Samsung Pay installed as a default app. Read on to learn more about Samsung Pay and Google Pay, what they have in common and how they might benefit you. Picking the right mobile payment app can be a daunting task. Several digital wallets systems use NFC technology, including Samsung Pay and Google Pay.īut which one of these is the better choice: Samsung Pay or Google Pay? Both digital wallets are provided for Android phones and offer nearly the same features, making it a challenge to decide which one’s best for you. By tapping a button on your device or tapping your device at the point of purchase, you can buy any product or service.
Near field communication, or NFC, technology is what lets you make contactless payments at the store using your smartphone, and it has become one of the world’s most preferred payment methods.
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