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Samsung's Wallet service folds shut on June 30th


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Now that Samsung Pay is nearly here, the company is riding its two-year-old Wallet service into the sunset. Samsung is now telling users that Wallet will stop taking purchases on June 30th. Any reservations and tickets you score before then will still be valid, but you'll otherwise be left out of the loop. The move isn't all that surprising given how much more advanced Samsung Pay should be, but it's a blunt reminder of just how quickly the mobile payment world is evolving -- technology that was promising in 2013 is already old hat.

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