MasterCard is preparing to implement PayPass on the embedded NFC-chips in Samsung phones

Thu 30 May 2013

MasterCard Worldwide reported a new stage of cooperation with Samsung Electronics, which suggests a speedy implementation of PayPass application on embedded chips in the new Samsung phones with NFC-support.

MasterCard, like Visa, sees the embedded NFC chips as a promising opportunity for banks and other issuers to provide mobile payments at physical points of sale using a contactless payment terminals that support their contactless brands.