Galaxy S4 will incorporate Visa's mobile payment program
Samsung is the premiere partner for Visa's recently announced Visa Ready Partner Program.
BARCELONA, Spain--Samsung's next flagship smartphone will play a key role in Visa's mobile payment ambitions.
The two companies unveiled a partnership today in which Samsung would incorporate Visa's PayWave mobile payment applet in its future devices, as well as use Visa to make it easier for customers to tie their Samsung phones to a financial institution and Visa account.
While not referenced specifically, the upcoming Galaxy S4 will be the flagship product for Visa's program, according to a person familiar with the partnership.
Samsung will be part of the Visa Ready Partner Program, which was announced Friday. The program is designed to speed the approval and licensing of Visa-endorsed payment systems on different devices, including smartphones.
Samsung is expected toThere are expected to be nearly 2 billion devices that ship with NFC by 2017, according to ABI Research. In addition to Samsung, Visa also announced that mobile commerce hardware provider Roam would also join the Visa Ready Partner Program and build equipment that would work with Visa's mobile payment system. The products would bear the Visa Ready symbol. Under the partnership, Roam would get application programming interfaces and software development kits that would connect its equipment to Visa payment gateways, allowing small and large merchants to easily process transactions. Mobile payments is expected to be a big theme at this year's Mobile World Congress conference. MasterCard earlier announced its MasterPass digital payment service. , although the company hasn't confirmed any launch dates.