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Wireless

Samsung to acquire LoopPay

Wednesday 18 February 2015 | 23:39 CET | News
Samsung Electronics has agreed to acquire LoopPay, a mobile wallet services provider that turns existing magnetic stripe readers into secure, contactless receivers. LoopPay will become a wholly owned subsidiary of Samsung Electronics America, Inc to strengthen the company's overall efforts to provide users with safe and reliable mobile wallet services. No financial details of the takeover were disclosed. 

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Categories: Mobile & Wireless
Companies: LoopPay / Samsung / Visa
Countries: World
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