As cardless systems are getting common these days, the digital wallet of your smartphone is the best way to shop seamlessly, without the need of taking out your debit or credit card. And moreover, these digital mobile payment systems comes with added security benefits, unlike your credit card which can get lost, stolen and be misused easily. Apple Pay was the first digital wallet system launched back in 2014 and was later joined by its rivals Samsung by introducing Samsung Pay and finally Android Pay. These cashless wallets can be easily used in online stores as well as your favorite retail store. Let’s take a closer look and compare all three digital wallets and get to know which one is the best and most secure.
Apple Pay, combined with the power of NFC and the fingerprint sensor, provides adequate security of your card and accepts all cards, whether it is your debit card, credit card, loyalty card and a few other cards listed as well. The database of cards gets updated often. Apple Pay can be effortlessly used in iTunes store, retail outlets and online shopping stores like Amazon and eBay. You can also sync Apple Pay with the Apple Watch, giving a flexibility of not even bothering to reach for your phone from your pockets. You just have to double click the side button of the watch and hold it near the reader to successfully pay. The only downside of Apple Pay is that it only works on iPhone 6 and above, as the touch ID along with NFC is needed to use Apple Pay. Other than that, Apple Pay can be used at many retailers online. Just look out for the Apple Pay sign at the door that indicates that Apple Pay payments are accepted.
Just like Apple Pay, Samsung Pay has a wide acceptance rate and is getting accepted by many retail physical outlets around the world. Needless to say that Samsung Pay comes with the security features and power of tech giant Samsung and accepts all major debit, credit and loyalty cards into its digital wallet. Setting up Samsung Pay is easy. All you need to do is register your fingerprint and PIN Code after launching the app and add your credit card number. You can use EMV’s, NFC PoS as well as magnetic stripe machines, unlike Apple and Android Pay, that only works NFC point-of-sale machines, giving Samsung Pay and big achievement in the digital wallet wars. Samsung Pay easily gets synchronized with Samsung Gear and on top of that, Samsung even gives reward points to be used later. These reward points can be redeemed at Samsung pay approved retailers and much more.
Just like Apple Pay and Samsung Pay, Android Pay can be easily used at any physical outlet that indicates a sign of Android Pay payment acceptance. Unlike Apple Pay, the Android Pay can be used on non-fingerprint smartphones that run on Android 4.0 and above. All you need to have is a NFC enabled Android Phone. Almost all android phones from 2016 onwards have NFC built-in as default, giving access to Android Pay easily. All you are required to do is download the Android Pay app, set up a password, a pin, face recognition, fingerprint (if your smartphone has it) and add your debit or card in the secured digital wallet. When you need to use Android Pay, just get your phone close to the NFC PoS card reader and a green check will appear on your phone which indicates that your payment has been successfully made.
Are you using any Digital Wallets? Comment on our blog to tell your experience with the digital wallets or what do you think about digital wallets?