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The smartwatch market may be very young, and it’s still unclear if it will ever take off in the way OEMs want, but that’s not stopping Samsung from releasing multiple watches in the hopes of becoming a leader in the space. Most recently we’ve seen the Gear Live and Gear S, but there’s at least one other device on its way in the not-terribly-distant future, at least if a new report from Business Korea proves correct.

Reportedly a “high-ranking officer at Samsung” revealed to the publication that Samsung is working on a new smartwatch that will feature some pretty cutting edge features including a fingerprint scanner and new payment solutions that will allegedly offer up some form of Paypal integration. The new payment system will also apparently relay promotional info on nearby stores to the watch, giving the user the power to buy items before they even walk into the store. The payment service will be expanded to 50 countries worldwide, at least if the report proves accurate.

Samsung is allegedly working on a new smartwatch that will feature a fingerprint scanner and a new payment solution

As for the fingerprint scanner? Samsung is said to be teaming up with Synaptics in order to bring the aforementioned biometric technology to the watch. While this report obviously can’t be confirmed, it’s worth noting that an earlier report claimed that Synaptics was working on fingerprint sensors for wearables, with the goal of releasing such devices in 2015.

Business Korea indicates that the new watch (likely to be branded as part of the Gear family) will debut at Mobile World Congress in February of next year, right around the same timeframe that the Apple Watch is expected to hit the market. Of course it should go without saying that this is an unconfirmed report and so speculation is advised. What do you think, like the idea of a fingerprint reader for better payments and perhaps improved security — or is the idea of putting one on a watch seem like overkill to you? Let us know what you think in the comments.

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