Samsung Galaxy S6 Release Date News, Specs and Features Rumors: New Payment Coming to Next-Gen Device

Samsung has been reported to have been sending numerous media invites for the launching of their next generation flagship, the Samsung Galaxy S6.

A report from GSMArena.com cited a Korean media outlet suggesting that along with the "new, redesigned" smartphone, the South Korean tech giant is also getting ready to launch the company's newest payment system, which will be integrated with the highly-anticipated successor of the Galaxy S5.

According to the site, the tech wallet system was made possible with the recent deal made with Samsung and VISA.

As detailed, the Apple Pay competitor will be based on LoopPay technology, which is touted to become the world's first mobile wallet solution.

This new monetary system will give users the convenience of paying for the services and products they availed by eliminating the need for any extra transaction equipment as it can now be done with any given debit/credit card swiping machines.

To implement the new paying technology, the upcoming Galaxy S device will use its fingerprint sensor. Earlier rumors pointed out that the tech firm's latest flagship will sport a non-swipe fingerprint sensor.

The new sensors can still be used to execute the TouchWiz functionality including Private mode, Pay with PayPal, as well as logging into Samsung Account and other supported websites.

The website further stated that LoopPay will also be offering the touch-enabled payment system for Samsung's current flagships like the Galaxy S5 and the Galaxy Note 4.