“Samsung Electronics Co. delayed the start of its mobile payment service until September, further hindering its ability to gain ground against competing services from Apple Inc. and Google Inc.,” Jungah Lee reports for Bloomberg. “”

“Samsung Pay will debut in the U.S. and South Korea in conjunction with the company’s next high-end mobile device, Executive Vice President Rhee In Jong said during an investor call Wednesday,” Lee reports. “The company previously said the service would start as soon as July.”

“Samsung also is trying to reverse declining market share in smartphone sales to Apple, which debuted Apple Pay last year,” Lee reports. “That payment service is backed by more than 2,500 banks and credit unions.”

Read more in the full article here.

MacDailyNews Take: In mobile contactless payments, there is Apple looming like an Everest far above a morass of confused muck from Google, MCX, and other also-ran wannabes.

Just wait until Apple Pay’s rewards launch! You haven’t seen anything yet!

SEE ALSO:

Google demos Apple Pay wannabe, ‘Android Pay’ – May 28, 2015
Apple to unveil Apple Pay rewards program at WWDC – May 28, 2015
Apple Pay stands to gain from MCX’s CurrentC disarray – May 18, 2015
Samsung’s LoopPay payment move creates friction with Google – February 20, 2015