Samsung acquires the mobile wallet provider LoopPay

Samsung has agreed to acquire the provider of mobile wallet solutions LoopPay. Financial terms of the transaction have not been disclosed.Founded in Boston back in 2012, LoopPay is a mobile payments provider, whose product is a direct competitor to Apple Pay. The company’s Magnetic Secure Transmission tech can work on roughly 90% of all existing point-of-sale terminals.

As part of the agreement, the founders of LoopPay will work with Samsung Mobile. The two companies have been collaborating well before the acquisition, so it is more than likely to see LoopPay mobile wallet tech in the upcoming Samsung Galaxy S6.

LoopPay will continue operating as an independent subsidiary of Samsung going forward. Source GSM ARENA

Currency Exchange Rate as at 19/02/2015

Africa		Actual	Previous	Change	Daily %	Weekly %	Monthly %	Yearly %
Algeria	USDDZD	93.8500	93.8500	0.1700	-0.10 %	0.10 %	6.77 %	21.43 %	[+]
Angola	USDAOA	1.7100	1.6900	0.0200	-0.59 %	-1.74 %	1.79 %	20.42 %	[+]
Benin	USDXOF	577.3500	577.3500	0.2800	-0.02 %	0.10 %	1.86 %	21.06 %	[+]
Botswana	USDBWP	9.4800	9.5300	-0.0500	-0.52 %	-0.94 %	0.00 %	7.85 %	[+]
Burkina Faso	USDXOF	575.4500	575.1700	0.2800	-0.02 %	-0.83 %	1.52 %	20.66 %	[+]
Burundi	USDBIF	1,570.0000	1,564.7000	5.3000	0.34 %	0.00 %	0.69 %	0.90 %	[+]
Cameroon	USDXAF	575.4500	575.1700	0.2800	-0.02 %	-0.83 %	1.52 %	20.66 %	[+]
Cape Verde	USDCVE	96.1000	96.0000	0.1000	0.10 %	0.13 %	2.38 %	20.62 %	[+]
Central African Republic	USDXAF	577.3500	577.3500	0.2800	-0.02 %	0.10 %	1.86 %	21.06 %	[+]
Chad	USDXAF	577.3500	577.3500	0.2800	-0.02 %	0.10 %	1.86 %	21.06 %	[+]
Comoros	USDKMF	364.5000	363.5000	1.0000	0.28 %	0.00 %	0.00 %	0.00 %	[+]
Congo	USDCDF	927.0000	923.0000	4.0000	0.43 %	0.32 %	0.00 %	0.65 %	[+]
Djibouti	USDDJF	177.0500	177.0000	0.0500	0.03 %	0.08 %	0.03 %	0.88 %	[+]
Egypt	USDEGP	7.6100	7.6000	0.0100	0.13 %	0.13 %	5.26 %	9.65 %	[+]
Equatorial Guinea	USDXOF	575.4500	575.1700	0.2800	-0.02 %	-0.83 %	1.52 %	20.66 %	[+]
Eritrea	USDERN	15.0000	14.9500	0.0500	0.33 %	0.33 %	0.00 %	1.28 %	[+]
Ethiopia	USDETB	20.3900	20.3900	0.0500	-0.83 %	-0.29 %	-0.05 %	6.03 %	[+]
Gabon	USDXAF	577.3500	577.3500	0.2800	-0.02 %	0.10 %	1.86 %	21.06 %	[+]
Gambia	USDGMD	43.0000	43.0000	-0.5900	1.39 %	0.16 %	-0.23 %	12.86 %	[+]
Ghana	USDGHS	3.4000	3.3900	0.0100	0.29 %	0.29 %	5.59 %	37.10 %	[+]
Guinea	USDGNF	7,295.0000	7,280.0000	15.0000	0.14 %	-0.07 %	3.77 %	3.77 %	[+]
Ivory Coast	USDXOF	577.3500	577.3500	0.2800	-0.02 %	0.10 %	1.86 %	21.06 %	[+]
Kenya	USDKES	91.5000	91.5600	-0.0600	0.04 %	0.00 %	-0.11 %	6.27 %	[+]
Lesotho	USDLSL	11.6400	11.6300	0.0100	0.09 %	-1.52 %	0.43 %	5.43 %	[+]
Liberia	USDLRD	84.0000	84.6200	-0.6200	-0.73 %	0.00 %	0.00 %	6.32 %	[+]
Libya	USDLYD	1.3500	1.1900	0.1600	13.45 %	0.00 %	13.45 %	9.76 %	[+]
Madagascar	USDMGA	2,765.0000	2,765.0000	-3.0000	0.28 %	-2.12 %	5.13 %	18.42 %	[+]
Malawi	USDMWK	435.7500	436.5900	-0.8400	-0.14 %	-1.19 %	-4.27 %	3.75 %	[+]
Mali	USDXOF	575.4500	575.1700	0.2800	-0.02 %	-0.88 %	1.52 %	20.66 %	[+]
Mauritania	USDMRO	292.0000	293.0000	-1.0000	0.34 %	0.00 %	0.46 %	-0.17 %	[+]
Mauritius	USDMUR	32.6500	31.7500	0.9000	2.83 %	0.00 %	2.83 %	7.76 %	[+]
Morocco	USDMAD	9.4700	9.4700	0.0500	0.00 %	-0.84 %	1.18 %	15.91 %	[+]
Mozambique	USDMZN	33.4500	33.4500	-0.2100	0.00 %	0.00 %	4.50 %	7.38 %	[+]
Namibia	USDNAD	11.4200	11.6300	-0.2100	-0.60 %	-0.43 %	-0.26 %	4.20 %	[+]
Niger	USDXOF	575.4500	575.1700	0.2800	-0.02 %	-0.88 %	1.52 %	20.66 %	[+]
Nigeria	USDNGN	199.4200	204.0000	-4.5800	0.05 %	0.11 %	8.28 %	21.56 %	[+]
Republic of the Congo	USDXAF	575.4500	575.1700	0.2800	-0.02 %	-0.88 %	1.52 %	20.66 %	[+]
Rwanda	USDRWF	677.3600	675.0000	2.3600	-0.74 %	-0.39 %	0.05 %	-0.09 %	[+]
Sao Tome and Principe	USDSTD	21,495.0000	21,520.0000	-25.0000	-0.07 %	-0.45 %	1.15 %	20.71 %	[+]
Senegal	USDXOF	577.3500	577.3500	0.2800	-0.02 %	0.10 %	1.86 %	21.06 %	[+]
Seychelles	USDSCR	14.0500	14.0000	0.0500	0.36 %	2.78 %	-0.35 %	16.40 %	[+]
Sierra Leone	USDSLL	4,395.0000	4,350.0000	45.0000	1.03 %	1.03 %	4.27 %	1.50 %	[+]
Somalia	USDSOS	707.5000	708.5000	-1.0000	-0.14 %	-0.14 %	0.00 %	-32.07 %	[+]
South Africa	USDZAR	11.6700	11.6700	-0.0100	-0.51 %	-1.10 %	0.34 %	5.71 %	[+]
South Sudan	USDSSP	5.6900	4.2000	1.4900	35.48 %	0.00 %	0.00 %	35.48 %	[+]
Sudan	USDSDG	5.9700	5.6900	0.2800	4.92 %	0.00 %	-0.17 %	4.74 %	[+]
Swaziland	USDSZL	11.5900	11.5900	0.0300	-0.17 %	-1.02 %	0.09 %	5.17 %	[+]
Tanzania	USDTZS	1,786.2000	1,784.8000	1.4000	0.21 %	0.64 %	2.33 %	9.68 %	[+]
Togo	USDXOF	575.4500	575.1700	0.2800	-0.02 %	-0.83 %	1.52 %	20.66 %	[+]
Tunisia	USDTND	1.9200	1.9200	0.0200	-0.52 %	-0.52 %	0.52 %	21.52 %	[+]
Uganda	USDUGX	2,865.0000	2,865.0000	0.0000	0.00 %	-0.35 %	-1.38 %	16.80 %	[+]
Zambia	USDZMK	7.0500	7.0500	0.2600	0.00 %	5.54 %	7.47 %