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When the The Samsung Pay mobile payment system launched in 2015 with Andorid Pay, apparently to counter the Apple Pay effort that appeared the previous year, was the most versatile of the three technologies. Why?
Well, it supported Magnetic Stripe Technology (MST), in addition to the NFC chip that everyone was using. This meant that it was compatible with the legacy MST standard that most point of sale terminals in the United States supported at the time.
Galaxy S21, S21 + and S21 Ultra can no longer imitate bank cards
Too bad, because that was a handy feature not without hiccups, like having to explain to the cashier that she will actually function as a card even if she didn’t check in the first or twice. Either way, it seems like there is finally a critical mass of NFC-enabled devices everywhere, so we can all move forward in mobile payment technology.
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