LoopPay

hand holding a samsung galaxy phone using the samsung pay payment service whilst another person holds the POS terminal

Chinese hackers breached Samsung Pay’s core technology

08 Oct 15 | Author Ben Rabinovich | |

Chinese hackers have managed to breach the security of LoopPay, the payment technology company that Samsung acquired earlier this year for $250m, which is at the heart of Samsung Pay.

How much did Samsung pay for LoopPay?

15 May 15 | Author Fraser Simpson | |

Various reports suggest that South-Korean electronic leader Samsung has spent $250m to acquire LoopPay, one of the world’s largest mobile wallet companies.

Samsung Pay takes on Apple Pay using LoopPay’s MST technology

02 Mar 15 | Author Katy Menczer | |

Samsung is launching its mobile payment system, “Samsung Pay”, in collaboration with MasterCard to compete with existing mobile payment systems from Google and Apple.

Samsung takes on Apple with LoopPay aquisition

19 Feb 15 | Author Lucy England | |

Samsung’s acquisition of mobile wallet startup Loop is a clear signal that the South Korean company plans to compete with Apple in the mobile payments market.