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    News in brief

    Samsung ‘paid $250m for LoopPay’

    News in brief

    Samsung paid about US$250m to acquire LoopPay, developer of the magnetic secure transmission (MST) technology that will form a key part of Samsung Pay when it launches later this year, according to Recode. The figure could rise based on executive or company performance but “the terms of the earnouts are not known”.

    Filed by Email Rian Boden Published • Last updated 14 May 2015, 13:19

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