MasterCard and Samsung delivered the Samsung Pay

Samsung and MasterCard Pay presented the Samsung Pay mobile payment service that enables MasterCard cardholders to use their Samsung Galaxy S6 devices for purchases.

With Samsung Pay, consumers can now utilise their mobile devices to pay at existing point-of-sale terminals. To achieve this, Samsung leverages both Near Field Communication (NFC) and a new proprietary technology called Magnetic Secure Transmission (MST) to make mobile payments more accessible to merchants and consumers than ever before. To deliver a best-in-class mobile payment solution, Samsung has partnered with major payment networks such as MasterCard and Visa.