Stefan Mileschin

Smartphone leader Samsung is taking its eBanking product to the home turf of its rival Apple.

We say “home turf” in fact Apple’s eBanking service has not taken off as well as Jobs’ Mob hoped. Thanks mostly to the fact that shops thought they could do a better and cheaper job of running it themselves, the banks were not that keen on paying Jobs for the service, and the hardware was not that hot.

Samsung has a different business model from Jobs’ Mob. Instead of trying screw cash from the banks, like Apple has done, Samsung Pay is being used as an engine to drive sales of phones and other devices.

http://fudzilla.com/news/40964-samsu...ng-fight-to-us