One of the biggest business rivalries is that of Samsung and Apple. This fierce competition leads to innovation in their products with every new model and software launch. Innovation is the key for any business to be successful, it is one of the key concepts in business. It is the practical application of new inventions/thoughts to existing or new products, and does help a firm to generate a point of difference.

In todays world, online shopping has been growing a lot, people do not get out of their homes and buy several things online. The idea of Visa tying up with Samsung can be revolutionary since smartphones are replacing PCs and even laptops. People use their smartphones for everything and will start using it to purchase items online since this idea would make it so simple.

The software will come preloaded on all Samsung phones that have near-field communications technology, which allows users to tap their phones against a payment terminal to exchange information.

There have been several payment applications for phones but this is set to penetrate the market, and also help mobile payments gain huge traction.

The article link:

http://www.bloomberg.com/news/2013-02-25/visa-teams-up-with-samsung-on-contactless-mobile-payments.html

Picture taken from :

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