Whilst the name is the same, Samsung Pay formely loop pay will be accepted at nearly all the terminals regardless of NFC capability
The fact they can do Tokenised secure transaction using magnetic field instead of NFC which tricks magnetic swipe readers in believing a card was present is a far better solution right now.
So in this case whilst apple pay will make millions for apple, on this instance it looks like Appled rushed out the gate first whilst Samsung through the buy out of Looppay have provided a far better solution for the short term
The only winner here is the customer
The fact they can do Tokenised secure transaction using magnetic field instead of NFC which tricks magnetic swipe readers in believing a card was present is a far better solution right now.
So in this case whilst apple pay will make millions for apple, on this instance it looks like Appled rushed out the gate first whilst Samsung through the buy out of Looppay have provided a far better solution for the short term
The only winner here is the customer