Near Field Communication

[youtube=https://www.youtube.com/watch?v=bw1l149Rb1k]

Samsung is planning to launch its own mobile payment service next year, in competition to both Google Wallet and Apple Pay, reports Re/code. It suggests that the company is in talks with LoopPay, a startup which describes itself as “the most accepted mobile wallet on the planet.”

The technology would allow people with certain Samsung phones to pay in the vast majority of brick and mortar stores by waving their phones instead of swiping with a credit card or cash […]

The talks between Samsung and LoopPay come as the idea of paying for goods in stores using a phone was rekindled in the U.S. thanks to the launch of Apple Pay.

The plan would allow Samsung’s mobile payment service to work with all cards and all payment terminals right out of the box …

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Virgin Mobile, a wholly-own subsidiary of Sprint, announced this morning that it would begin rolling out Google Wallet on its Android phones beginning with the recently announced LG Optimus Elite.

The Elite is a small iPhone-ish sized Android device running Android 2.3. It hit Virgin last week and follows the Optimus V and Slider as popular low-cost Android devices on Virgin Mobile.

Google Wallet has had a rough time with United States carriers. Verizon, with the Galaxy Nexus, blocked it late last year, and AT&T and T-Mobile both have refused to subsidize the Galaxy Nexus GSM version that is available off-plan for $399 through Google’s new Play Store. All three carriers are members of the rival ISIS mobile payments platform, and it is obvious that there is some anti-competitive pressure.

Virgin parent Sprint is a Google Wallet Partner, so it would make sense to see Wallet passed to more Virgin phones and perhaps even Sprint’s other pre-paid subsidiary, Boost Mobile.

The press release follows:

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