Samsung reveals Passbook rival called Wallet

Samsung is taking its cue from Apple for a new mobile app.

Dubbed Wallet, the app is basically Samsung's version of Apple's Passbook. As described on the app's API page for developers, the app "allows users to store and manage event tickets, boarding passes, membership cards, and coupons all in one place."

The app lets providers integrate their apps with Samsung Wallet so that mobile device users can add their electronic tickets and coupons. Those tickets display bar codes that can then be scanned at terminals. Demoing the app at Mobile World Congress today in Barcelona, Spain, Samsung showed how a person could add an electronic airplane ticket from a provider such as Lufthansa into the Wallet app.

Like Passbook, Wallet uses push notifications to alert people when they're in the right location to use one of their stored coupons or tickets. Wallet users can also receive updates to their boarding passes and membership card points.

So far, Samsung has signed up Walgreens, Major League Baseball, Expedia, Booking.com, Hotels.com and Lufthansa as Wallet partners. The API (application programming interface) for developers is still in beta and available only to select partners. But Samsung will open up the playing field to everyone starting in May.

Samsung Wallet doesn't support near-field communications, so mobile tap-to-pay payments aren't part of the picture, at least not yet. The company told the Verge that it decided not to include an NFC option as retailers still prefer bar codes because no additional hardware is needed. But Samsung didn't rule out the feature for some future date.

Below is a video about Samsung Wallet: http://youtu.be/qXSQicmVOtg