Published On : Mon, Jun 8th, 2015

Samsung will be bringing up a Brand new smartwatch this year with mobile payments

Samsung will be bringing up a Brand new smartwatch this year with mobile payments

South Korean technology giant Samsung Electronics is planning to introduce a new smartwatch in the second half of this year, that will aspect a mobile payments function.

The company stated earlier this year that it would take a wait-and-see approach to releasing updated models in future as  Samsung’s previous Android-based Gear smartwatches could make it to the expectations.

Recently with the success of the Apple Watch, it seems Samsung has now assured to release enhanced line of smartwatches after all. The elevate models are said to support near field communication (NFC) technology to support wireless payments, doubtlessly in conjunction with the company’s previously-announced Samsung Pay service. NFC is primarily the same technology used by Apple for the Apple Pay feature of its phones and smartwatch.

It has been claimed by the South Korean firm  that its Samsung Pay mobile payments service will be available with select partners in the upcoming month.

It remains to be seen how successful Samsung could be with its new renewed smartwatch, as its prior lineup was blamed heavily for a poor design and user experience. Samsung will undoubtedly be watching the progress of the Apple Watch closely over the upcoming months as it looks  forward to rarefy and hone its new designs.