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Samsung will acquire LoopPay, the companies announced today, and TechCrunch spoke with LoopPay CEO Will Graylin, Samsung Innovation Center EVP David Eun and Dr. Injong Rhee, EVP and head of Samsung Mobile about the smartphone maker’s plans for its new asset, as well as LoopPay’s tech and approach to mobile payments.
Samsung said it would be working toward building LoopPay’s technology into future devices, and stressed that this isn’t just about mobile payments: It’s about building a mobile wallet that is more comprehensive in scope, without requiring either merchants or consumers to change their behavior at a faster pace than they’re necessarily willing to accept.
Samsung will acquire LoopPay, the companies announced today, and TechCrunch spoke with LoopPay CEO Will Graylin, Samsung Innovation Center EVP David Eun and Dr. Injong Rhee, EVP and head of Samsung Mobile about the smartphone maker’s plans for its new asset, as well as LoopPay’s tech and approach to mobile payments.
Samsung said it would be working toward building LoopPay’s technology into future devices, and stressed that this isn’t just about mobile payments: It’s about building a mobile wallet that is more comprehensive in scope, without requiring either merchants or consumers to change their behavior at a faster pace than they’re necessarily willing to accept.
