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Samsung planning mobile payment focused smartwatch

News by Luke Jones on Friday September 19, 2014.

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Gear S
Gear S

If Samsung has an idea, it makes a product for it. The Korean company already has six smartwatches in the market, but is reportedly developing a new one that will be focused on mobile payments. Obviously spurred on by Apple Watch and Apple Pay, Samsung is working on the new NFC oriented smartwatch to go alongside its numerous other efforts.

So what will it be then, the Galaxy Gear Pay? Either way, an unnamed Samsung source said the following:

We are currently developing the smartwatch equipped with fingerprint identification technology and relevant solutions through cooperation with PayPal, the world?s most renowned financial transaction service company, as well as Synaptics, a global company specialized in biometric verification. By the earliest, the third generation smartwatch to be released early next year will have this new system in which payment is authorized immediately when users identify themselves through biometric sensors such as a fingerprint or login.

Samsung recently launched the Tizen based Gear S (main image), a smartwatch that is the same as its Gear Live Android Wear product and the Gear 2 Tizen flagship, except that it has the ability to make and receive calls, emails, and messages. It seems instead of folding all of these features into one device, Samsung is happy to deliver numerous niche filling product. Talk about spreading yourself thin.

The way I see it, Samsung has most of the tools to make the best smartwatch so far, but is too focused on covering as many areas of the market instead of just going for the killer product.

source: Business Korea

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Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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