Latest looppay news

Mergers and acquisitions helping Samsung boost business overseas

A new report by the Financial Supervisory Service shows that aggressive mergers and acquisitions are helping Samsung boost business overseas. The company has reportedly added eight new overseas subsidiaries in 2015 by either acquiring substantial stakes or setting up new companies. The total number of subsidiaries is said to have reached 159 last year with […]

By Adnan Farooqui
9 years ago

Samsung clarifies that attack on LoopPay was limited to its office network and didn’t impact Samsung Pay at all

The New York Times reported today that LoopPay was hit with a cyberattack earlier this year and that the attackers were presumably after the company's magnetic secure transmission technology which is essential to Samsung Pay. As many of you might be aware Samsung acquired LoopPay back in February and used its technology to make Samsung […]

By Adnan Farooqui
9 years ago

Samsung reportedly paid $250 million to acquire LoopPay

Samsung announced that it acquired LoopPay earlier this year to compete with Apple Pay and Google Wallet, but the company didn't disclose the amount of money it paid for the acquisition. Now, Re/Code has reported that Samsung may have paid around $250 for LoopPay's acquisition, however officials from both the sides have declined to comment about […]

By Asif Iqbal Shaik
9 years ago

Samsung acquires LoopPay, makes its intentions clear

In what is seen as a sign of things to come, Samsung has acquired mobile wallet services provider LoopPay for an undisclosed sum of money. Talks and reports about a Samsung-LoopPay partnership have been floating since quite a few months now, and this acquisition clears the air once and for all. LoopPay's services include conversion […]

By Yash G.
10 years ago

LoopPay to launch payment-enabled cases for Samsung devices

Rumors of Samsung's Apple Pay competitor could be true, as payments startup LoopPay has announced its plans to launch LoopPay-enabled cases for Samsung devices. LoopPay will partner with XPAL Power, a subsidiary of TennRich International (a Mophie and Belkin supplier), and Trident Case, a phone case manufacturer; the first cases will be made available for the […]

By Abhijeet Mishra
10 years ago

Samsung’s Apple Pay competitor in the works

Apple Pay could take a long time to get to developing countries where its latest crop of smartphones, the iPhone 6 and the 6 Plus, aren't very popular. And that's exactly what Samsung would want to exploit with a possible rival payment system. According to reports, an Apple Pay competitor from Samsung is already in […]

By Yash G.
10 years ago

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