
The report in today's Electronic Times newspaper says that Samsung is going to make use of NFC or Near Field Communication to enable mobile payments on the smartwatch, it's the very same technology used by Apple to support mobile payments on the Apple Watch. Samsung has already confirmed that its payments service, Samsung Pay, is going to be launched in September in the United States and South Korea. It's unclear right now if the smartwatch will be unveiled at IFA 2015, where Samsung is expected to make the formal announcement regarding Samsung Pay's launch.