Mastercards load onto Samsung phones

MasterCard credit and debit cards will soon be able to be loaded on to Samsung Pay on the new Samsung smartphone – the Samsung Galaxy S6.

Samsung Pay is a mobile wallet compatible with contactless and magnetic stripe payment terminals. Samsung Pay is set to compete with Apple Pay on iPhone – said to be coming to Australia in 2015.

Galaxy S6 users will be able to use their fingerprint to verify their identity and approve transactions.

Source: Business Insider