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Samsung Pay readies Brazil launch

Trials are currently taking place ahead of a possible launch during the Olympics.

Samsung is testing its mobile payment platform in Brazil ahead of a possible launch in the country during the Summer Olympic Games in Rio de Janeiro.

A group of users considered as being influencers is currently taking part in the Samsung Pay trials, which also involve local banking and insurance institutions Banco do Brasil, Brasil Pré Pago, Caixa, Porto Seguro, and Santander.

Samsung devices equipped with the MST (magnetic secure transmission, a technology that emits a magnetic signal to emulate the magnetic strip on a traditional payment card) and NFC (near-field communication) technologies will be able to run the payment app, such as the Galaxy Note 5, Galaxy A5, Galaxy A7, Galaxy S6 edge+, Galaxy S7, and Galaxy S7 edge.

However, the company has disclosed that its top of the range models Galaxy 6 and Galaxy S6 edge will not be compatible with the service. That is because both devices are NFC-ready but do not offer the MST features.

It is expected that Apple is also due to launch its payment service in Brazil, however only the 6, 6 Plus, 6s, and 6s Plus versions of the iPhone will be compatible with the local version of the app.