It is only available in selected countries for the latest Samsung series, like Galaxy S21 and S22. However, because of the rapid adoption of NFC technology by both businesses and consumers, Samsung decided to confine the support of MST technology. So even if a terminal doesn’t support mobile payments, Magnetic Secure Transmission technology tricks it into thinking it is a credit or debit card.
MST interacts with the point of sale machine and simulates a magnetic stripe card signal. Additionally, Samsung smartphones support Magnetic Secure Transmission (MST) technology, making mobile payments possible even when NFC isn’t available. Samsung Pay uses NFC technology that allows contactless payments. Samsung Pay vs Google Pay: The payment technology Now that you know what these two mobile wallets have in common, let’s look at their differences. Samsung Pay vs Google Pay: The key differences
Google Pay and Samsung Pay share similar features. What are the similarities between Samsung Pay and Google Pay? Like Samsung Pay, Google Pay allows you to store your credit, debit, loyalty, and membership cards.īefore we look at the differences between these two digital wallets, let’s talk about their commonalities. You can also use Google Pay to send payments to friends, split bills, and receive payments.
Google Pay, formerly known as Android Pay, is a mobile payment app you can use on the NFC-enabled terminal to process payments or make purchases online. What is Google Pay or Android Pay and how does it work? You can use the Samsung mobile wallet to make in-store payments by placing your phone on the terminal to complete transactions. The app allows you to store your credit, debit, loyalty, and transit cards in one place. Samsung Pay is a digital wallet app pre-installed on Samsung smartphones. You can start a 45-day free trial to test all available features.Īfter considering the advantages and disadvantages of both wallet apps, you will be ready to choose the winner, so let’s dive into the details. On the other hand, Google Pay integrates seamlessly with PassKit, our digital loyalty solution, which helps you design digital passes and track redemption rates. For example, Samsung rewards its users with cashback for mobile payments. We created this guide to help you choose the best mobile payment app and understand the differences between these two digital wallets. As mobile payment services become more available, choosing a digital wallet app for many users comes down to considering Samsung Pay vs Google Pay.
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