Samsung is prepared to close its Wallet for good. The app, which launched several years ago, never caught on with consumers and Samsung recognizes the need to scrap the endeavor. That means the API will go dark, too, so developers will need to update their own apps and services accordingly.
Samsung Wallet was meant to mimic Apple's Passbook app. Wallet lets owners of Samsung devices store loyalty card information and other membership data for easy retrieval. Despite the name, Samsung Wallet was never intended to serve as a mobile payment platform. Apparently consumers weren't using Samsung Wallet in large enough numbers to warrant keeping the app open.
"Unfortunately, the usage rate of Samsung Wallet was not what anyone expected," explained Samsung. "One of our company’s core values is to guarantee the best user experience. We feel today that we can no longer guarantee this experience. This is why we have officially decided to discontinue Samsung Wallet on June 30, 2015, in all [countries]."
It's clear what this means for consumers, but what about companies and developers that hooked into the service with their own apps?
Wallet may be folding, but Samsung Pay is close on the horizon. Samsung Pay is Samsung's forthcoming mobile payment platform. Like Apple Pay, it will allow owners of certain smartphones to make point-of-sale purchases by waving their devices over a properly equipped payment terminal. Samsung Pay is set to launch this summer on the Galaxy S6 and S6 Edge handsets, which have the right components installed.
Samsung has been quiet on what sort of APIs will be available for Samsung Pay. The service won't succeed without partner support, which means Samsung must have APIs in the works. Samsung will want banks and retailers to add Samsung Pay to their own apps and services. ProgrammableWeb will keep its eyes and ears open for any news regarding Samsung Pay APIs. Stay tuned.