Samsung teams with Paypal and Synaptics for fingerprint enabled payments on Smart Watches

Smartwatches are the next generation devices which are predicted to take over the Smartphones in the near future to deliver the mobile and internet services to the users without the need for the user to put hands in the pocket to reach out for the Phones. We all had our glimpse at the gadgets in the fiction movies like spy kids, where a single voice command to your watch will do the job for you. Ofcourse, that’s fiction as of now. But looking at the rapid pace of the smart watch development, it’s no wonder we will get our hands on such devices in a couple of years.

Samsung’s tie up with Paypal and Synaptics to deliver fingerprint enabled mobile payment system proves this point. The Korean Tech giant plans on releasing a smart watch that will let users make online transactions with the collaboration of Paypal. The Smart watch market looks very interesting with the Moto 360, Galaxy Gear, LG G watch and many more to come. This surprising announcement from Samsung had further steamed the competition by taking innovation to another level.

Samsung is facing a little drop in market shares with the advent of many affordable smartphones and watches these days, however the launch of Note 4 should boost up the market shares once again. This move of making fingerprint enabled smart watch is another step from Samsung to grab users attention to its devices. The sad part is this device is still in its early phase and is expected to be showcased at the Mobile World Congress next year.

The payment system will provide promotional information of nearby stores to the user, so they can choose a product and make a payment after entering the store. The fingerprint sensor technology probably comes with a Paypal certification for secure authentication to the transactions. Samsung will also extends the service to 50 countries in total.

Let’s see how it works out for Samsung with its latest Smart watch which may be butting heads with the Apple Watch which will probably launch at the same time next year. Whatever may be the case, we are getting loads of smart devices next year with the intensified market conditions. And that’s always a good news for tech-enthusiasts, right?

Via Sammobile

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