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Samsung Smartwatch With Fingerprint ID and Apple Pay Competitor In The Works (Rumor)

In #all by Mihai MateiLeave a Comment


Last week during the big iPhone 6 announcement, Apple took the wraps off its first smartwatch, dubbed the “Watch”, and also showcased its new NFC-enabled payment method “Apple Pay”. As revealed by a recent survey, these two products might not be a hit at first, but public interest could be on the rise once the shine is off the apple.

By then it appears that Samsung might want to once again challenge the Cupertino giant, as a new report from Korea now suggests that Sammy is planning on releasing a new smartwatch featuring a fingerprint scanner, which will promote a new method of payment.

Samsung Smartwatch With Fingerprint ID and Apple Pay Competitor In The Works (Rumor)

Samsung Smartwatch With Fingerprint ID and Apple Pay Competitor In The Works (Rumor)

Samsung to Release Smartwatch With Fingerprint Scanner and New Payment Method

According to a “high-ranking officer at Samsung Electronics” cited by Business Korea, the company is currently developing a new smartwatch featuring a fingerprint scanner. In addition, Sammy is apparently cooperating with PayPal in order offer new payment solutions to its customers, and reporedly there’s also a collaboration going on between the Korean tech giant and Synaptics, in order for the latter company to provide its top-notch biometric verification solutions.


The payment system provides promotional information of nearby stores to the user, giving him the possibility of purchasing products before entering the actual physical store. Samsung plans to expand this payment service to 50 countries worldwide, and since the service will not be usable in Korea, the company is also thinking about coming up with a similar, local payment option.

So when might we see this new Samsung smartwatch in all its glory? According to the source, the gadget might see the light of day during the next Mobile World Congress, which will take place in February 2015. The Apple Watch is also set for an early-2015 release.

What are your thoughts on this recent report?

NOTE: This report comes in-line with an older one, which claimed that Synaptics will release fingerprint sensors for wearables sometime in 2015

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Samsung Smartwatch With Fingerprint ID and Apple Pay Competitor In The Works (Rumor) was last modified: September 19th, 2014 by Mihai Matei