One of the biggest features we’re expecting Samsung to adopt in the Galaxy S5 is the fingerprint scanner. Everyone is pretty much expecting it’s going to happen, and we’ve even gotten some insight on what it’s going to be able to do, but the latest rumors point towards the S5 trying to do something that many companies have failed at; a mobile payment system.
Apparently, Samsung and PayPal are working together closely to try and create some type of wallet system that will become a standard for consumers and retail stores. Samsung already has a wallet app developed, although it’s limited by country availability (much like Google Wallet) so Samsung already has some of the foundation ready. Adding in a fingerprint scanner for security and PayPal for the heavy lifting on the money handling side of things could really be what Samsung needs to make something like this happen.
They’re still going to have to deal with US carriers blocking anything that’s not ISIS, and getting retail stores to adopt mobile payments is always going to be an uphill battle, but if any two companies have the money and power to make that happen, it’s Samsung and PayPal.
If this pans out, I’m sure we’ll hear more about it on the 24th when Samsung announces the Galaxy S5.