Samsung is looking to introduce advance mobile payments with Galaxy S4

With Samsung Galaxy S4 unveiling date confirmed as March 14, rumours about the specs, price and other details of the smartphone have been on the rise with even greater force. Recent reports suggest that Samsung and Visa have partnered to give the consumers a contact less payment option. The deal is reported to serve the purpose of accelerating global mobile payments.

As the deal is finalised, reports hint that Samsung will use the Visa technology in Galaxy S4, making it the first smartphone to utilise such technology. Galaxy S4 will apparently feature NFC technology, which will help the process to be hassle free. Visa introduced the technology after it inked a deal with Oberthur Technologies to bring payWave to mobile phones.

Galaxy S4 is also reported to be embedded with Knox security system, which comprises of a ‘container’ system that separates personal and office data and can also be utilised on applications. The new security system from Samsung also includes AES 256-bit encryption, the ability to create a virtual private network connection through a single application and it also helps to improve the mobile device management controls.

With Visa enabled devices, Samsung is looking to surge ahead of other smartphones by giving consumers unique choices. Talking about the deal with the South Korean company, Visa’s global head of product, Jim McCarthy said, “Samsung devices enabled with Visa payment functionality will no doubt be a powerful product offering, especially in markets where paying with a mobile device is becoming common place.”

With Galaxy S4 slated to release around two weeks later, numerous reports about the manufacturing of the devices have also started to emerge. Taiwan Semiconductor Manufacturing company is reported to supply the Snapdragon 600 processor for the US models, while the South Korean firm will will use its eight core processor for the Europe model.