A Samsung executive may have accidentally revealed when to expect the Korean tech giant’s next phablet – the Samsung Galaxy Note 5 (Galaxy Note Edge shown below).
The Samsung exec in question is Samsung executive vice president, Rhee In Jong. Speaking to investors during a conference call, according to Bloomberg, he revealed that the Samsung Pay, Samsung’s new mobile payment service will delayed. Instead of a July launch, it will be launched in September, on board the Galaxy Note 5.
This is in line with previous rumours that claim the Note 5 and the Note 5 Edge will make their debut at IFA 2015 in Berlin, Germany, which kicks off on the 4th of September. The Note 4 and Note Edge were officially unveiled at the same trade show last year.
Rhee also said at the conference call that Samsung is hoping that between 15% and 20% of its smartphone owners use Samsung Pay. The purchase of Loop Pay gave Samsung a huge advantage over Google and Apple. Unlike most mobile payment services that connect with retailers’ POS systems using NFC, Loop Pay uses the magnetic stripe on the back of charge and debit cards. Since 90% of retailers already have swiping devices that read these cards, Samsung Pay could be ready to be used in over 10 million retail locations.
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