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Samsung Looks To 5G Retail As Revenue Declines

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Smartphone shipments for Samsung increased in the second quarter of 2019, the company said in its latest earnings report , thanks to retail sales of its mid-level models. In the three months that ended March, Samsung’s profits fell about 60 percent on-year to 6.2 can now accept Samsung Pay for in-app payments. and Korea.”.

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Verizon, Microsoft Partner To Accelerate 5G Technology

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Touting 5G data speeds that are already 25 times faster than current 4G technology (and will eventually be 100 times faster), the two companies said the security, reliability and ultra-low lag times will bring increased efficiency and reduced costs. Samsung’s View. billion telecom equipment contract that Samsung signed with Verizon.

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Samsung Pay And PayPal Power In-Store Payments

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Using NFC mobile wallets in stores has seen lackluster adoption despite their slick and convenient user experience. The lack of ubiquitous acceptance, coupled with the lack of utility, has kept consumers from making the NFC mobile wallet a major part of their in-store payments experience. Samsung Pay Inc.

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Samsung SDS Partners On Mobile Payments Solution

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Infosys Finacle, part of EdgeVerve Systems, and Samsung SDS, a subsidiary of Samsung Electronics, announced a new partnership aimed at providing consumers with a frictionless mobile banking/payment solution. Customers are becoming far more accustomed to accessing and spending their money via mobile.

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Mastercard Rolls Out Support Of Samsung Pay In UAE

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Mastercard announced Tuesday (April 4) that Mastercard cardholders from select banks in the United Arab Emirates (UAE) will now be able use the Samsung Pay service to make payments in a quick and secure way. Mastercard said it has been actively driving contactless payments in the market.

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Why Slow Internet Is Holding Back eCommerce

PYMNTS

Although more and more retailers are dabbling in new technology trends — hello, virtual reality shopping — consumers might not actually get the benefits of these advancements due to a problem that’s been facing the World Wide Web almost since its inception: slow internet connections.

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How 5G Could Be Rocket Fuel To Retail

PYMNTS

The new, faster mobile network technology is a big part of the plans for many commerce and payments operators, even though specific use cases have been only slowly emerging as the technology and the devices to support it are deployed. They plan develop new business models and services centered around 5G technology.

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