An Overview on the Tough Competitors – Samsung Pay vs Google Pay vs Apple Wallet
Digital wallets are a secure and handy method to keep all of your credit cards in one place. According to Allied Industry Research’s 2017 research, the worldwide mobile wallet market is anticipated to register over $3.4 billion by 2022, with a compound annual growth rate of 33.4% from 2016 to 2022.
Consequently, Apple, Google, and Samsung all want a cut of the profits and have launched services like Apple Pay, Google Pay, and Samsung Pay.
So, let’s understand each service in a detailed manner.
Samsung Pay vs Google Pay
Samsung Pay
A digital wallet app that is included with all Galaxy phones. It employs dynamic encryption as well as biometric security. It is only accessible on the most recent Samsung smartphones in 18 countries, including the US, Singapore, the UAE, and the UK. Loyalty cards, debit cards, and shop credit can all be kept in a wallet for convenient access. It is widely recognised since it employs both MST and NFC. It features a sophisticated security mechanism that ensures the account and its contents are secure.
Google Pay
Formerly known as Android Pay, G-Pay is an extremely adaptable software that can operate with any card. It is accessible on Android and IOS smartphones; however, its use on an Apple phone is restricted. Google Pay is presently accessible in 40 countries across the globe. Loyalty cards, debit cards, vouchers, discounts, and boarding tickets may all be kept in G-Pay’s wallet, facilitating contactless purchases and in-store payments simple, as one of the Google Pay advantages. It only utilised NFC; however, transportation providers accept Google Pay without NFC in other countries. G-Pay, too, has a stringent security framework in place to keep data secure.
It lacks an easy-access tray like Samsung Pay, but it appears instantly for online and in-app payments, making it quite useful.
Google Pay vs Apple Pay
Google Pay
Google Pay is available for NFC-enabled Android devices and wearables. However, some of the app‘s functions are also available to iOS users. The Google Pay Wallet allows you to keep boarding passes, debit cards, credit cards, and shop cards. Also, sending money to friends or relatives is as simple as entering their phone number, UPI Id, or barcode. One of the Google Pay disadvantages is that it is only feasible if the other person has a Google Pay account. If the vendor does not have a Google Pay account, money can be readily sent to the seller’s account.
Apple Pay
Apple Pay is available to consumers of Apple products such as the iPhone, iWatch, and iPad. A user can save information about credit cards, debit cards, and loyalty cards using Paypass technology. Moreover, Apple Cash may be used to make a peer-to-peer payment. Many applications and shops accept it, including Starbucks, Sephora, KFC, Pizza Hut, Walt Disney, Airbnb, Chipotle, etc.
Samsung Pay vs Google Pay vs Apple Wallet
Regarding accepted cards and versatility, Apple’s Wallet software significantly outperforms the competitors. Neither of its rivals provides pass and ticket support. Furthermore, the number of institutes financed by Samsung and Google pales in contrast. Wallet, on the other hand, is solely available to iOS users.
If you have an Android device, Google Pay is the superior option. It works with additional banks, stores gift cards, and is available on any smartphone, not only Galaxy smartphones. It may also be used for internet payments, but Samsung Pay is just for in-store purchases. Whichever wallet you choose, you can rest certain that your data is protected by cutting-edge encryption technology.
Whether it’s Apple Pay, Google Pay, or Samsung Pay, they all have a lot in common. The one, the user, should be the decisive factor.