Microsoft to Introduce Mobile-Based Payment System to Take on Samsung and Apple
Smartphones have become an even essential part of our lives. With the addition of payment systems, smartphones will soon take over the role of your wallet. While Samsung and Apple have already introduced their payment systems, other manufacturers are joining in. Microsoft, the makers of Windows Phone devices, have also announced that they will be unveiling their payment system soon.
Microsoft had showcased a tap to pay feature on its devices at a conference for Windows hardware makers in China. It was said then that this feature would not require support from the network operators. Just like Samsung and Apple Pay, this feature will also be based on NFC.
Microsoft’s plans were brought to light by Faisal Khan, a banking consultant. He found that Microsoft has already got permission from the American state of Idaho and has applied for licenses in all the states of the country.
Mobile payment was available on Windows phone through the Softcard app but the service closed down when Google bought Softcard. Bill Gates had predicted, after the launch of Apple Pay, the technology will soon be available on all smartphones. Considering the speed at which things are moving, it might be easy to visualize such a future.