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Samsung buys startup LoopPay, moves toward mobile payments

2015-02-19 02:17:55| Electronics - Topix.net

Samsung Electronics Co Ltd has bought U.S. mobile wallet startup LoopPay, signaling its intention to launch a smartphone payments service to compete with a recent offering from rival Apple Inc. Mobile payments have been slow to catch on in the United States and elsewhere, despite strong backing. Apple, Google, and eBay Inc's PayPal have all launched services to allow users to pay in stores via smartphones.

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