We heard earlier today that Samsung could have paid as much as $250 million for LoopPay, the mobile payments system that Samsung is turning into Samsung Pay.
Samsung Pay is expected to launch in the second half of 2015 and now Samsung has announced that it is shutting down Samsung Wallet.
Samsung Wallet was released back in 2014 and now Samsung has started to email users of the service to let them know that it will be shut down from the 30th of June 2015.
After this date you will no longer be able to add any tickets or membership cards to Samsung Wallet, although all existing ones will apparently continue to work.
We presume that Samsung will build many of the features form their Wallet app into their new Samsung Pay mobile service when it launches later in the year.
Source Ubergzimo
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