Gadgetory

the way we pay for things is changing we no longer need to carry cash or cards to buy something at a store this because we're seeing an increase with mobile payments effectively smartphones are redefining how we pay for things hey guys John valasco here with the android authority and i'm here to talk about the different mobile payment solutions out there so that's Android pay Apple pay and Samsung pay at the moment there are three notable mobile payment systems dominating scene you could argue which of the three has the largest adoption rate but it's clear that mobile payments are the future over on the Android side two options are available Android pay and Samsung pay and on the other we have Apple pay so let's start off with Google's mobile payment option that's Android pay the premise is simple and it's similar as well with the other solutions you download the app if it isn't pre-installed already then you use the camera to capture the information off your credit card and that's ready to be used at payment terminals that have NFC displace the device near the terminal and that's it you'll get a notification about the transaction afterwards for your own record now the great thing about it is that it has the largest support of devices pretty much anything running Android 4.4 KitKat with NFC the downside though is that it has the few supported banks so you might not find yours just like Android pay Apple pay leverages the NFC contact method to exchange information with POS systems you use the iOS Wallet app to initially capture your cards information once it's stored on the iPhone all you need to do is place it in your terminal from there the transaction is authenticated by using the touch ID sensor on the phone it's available to the latest iOS devices with integrated touch ID so that pales in comparison to Android pace listing of supported devices at the same time though Apple deserves credit because Apple pay has far more banking partners under its belt and oh yeah it's available in more countries than Android or Samsung pay speaking of Samsung pay it works on NFC terminals as well it's one advantage is that it alternatively offers magnetic secure transmission MST for short essentially a magnetic coil embedded inside the galaxy device generates a dynamic magnetic field and that magnetic field effectively allows it to work with traditional card terminals well has an extensive list of supported banks and retailers you can't be used for purchases and apps on top of that the supported devices are limited to recent Galaxy smartphones still I can't stress enough about its team method which makes it more likely to work in places we go every day even though we're seeing this increase in adoption the biggest question we have to ask ourselves is whether they can be our sole source for payments and that's the thing they can Samsung and Apple pay are no doubt leading away at this moment but they still don't have the same success rate we get from a traditional cards for example restaurants and gas stations in particular seem to be places where mobile payments don't have any presence in terminals that require you to insert your card like an ATM don't work with mobile payments at all sum it up Apple pay has the largest banking partners in the u.s. about 1200 versus 133 with Samsung pay and 41 with Android pay Apple pay also has broader availability six countries to be exact whereas Android pays only available in the US while Samsung pay is established in the u.s. in South Korea right now Apple and Android pay can be used in apps for payments but Samsung pay has the largest collection of retail partners and with MST it definitely will work at more payment terminals there's a lot of work needed in this space but you could certainly expect broader adoption as these services continue to expand the question is which one are you going to choose so if you learn more about any of the services I talked about in this video you could check out our website Android Authority comm your source for all things Android