Mobile wallet or digit wallet is an online service which allows the user to make electronic transactions, this can be used for transaction purposes like payment of bills, purchasing items online or offline, sending money to anyone. This can be accomplished by linking the user’s bank account with wallet. However, it is important that the wallet support the bank or card type.

Mobile Wallet
Source: Device Bee

According to the RBS World Payments Report 2015, the total electronic payment is around 389 billion per year which is roughly 1.06 billion transactions per day. With such a huge amount of payments daily it is natural that growth of mobile wallets has attracted the developers.

Thus we have brought a detailed article in which we are going to compare these two digital wallets along with the compatibility and availability of these wallets in different countries.

Android Pay

Android pay to GPay
Source: Walletron

Android Pay also known as Google Pay ( G Pay or Pay with Google ) is a digital wallet developed by Google which came into existence on September 11 2015, as Android pay and later on January 8 2018, Android Pay was rebranded and renamed as Google Pay. After rebranded service provided a new API that allows the user to add and link there details to apps, websites, stripe, Braintree, and Google Assistance.

Google Pay use NFC ( Near Field Communication ) to transmit the card details which results as a fund transfer to the receiver. It is similar to contactless payment with the added security of two-step verification. Google Pay also allows the user to add additional security by adding a lock or password. The physical presence of the user is used as an advantage, Fingerprint authentication can be used as verification.

Tap Pay and Done
Source: The Strait times

Google Pay doesn’t send the card details of the user instead it generates a virtual account number by which security of users card is ensured. Just in case if any user misplaces his/her device then the user can use Android Device Manager to disable any further transaction from Google Pay or lock his/her device.

Google Pay
Source: BGR

Google is one of the cheapest services with a maximum transaction limit of 9,999 $ ( US Dollar ) per day, with no additional service cost. There is no card limit on Google Pay. Users can use payments card service by entering the card information. Google Pay improves the payment feature by adding the ” Pay button “.

Android Pay Setup
Source: Greenbot

Supported Countries ( Jan 2019 )

world map usage of Android Pay
Source:BlankMap-World6

Green indicates where google pay is available.

COUNTRY NAME RELEASE DATE
United States September 11, 2015
United Kingdom May 18, 2016
Singapore June 27, 2016
Australia July 13, 2016
Hong Kong October 20, 2016
Poland November 17, 2016
New Zealand December 1, 2016
Ireland December 7, 2016
Japan December 13, 2016
Belgium March 7, 2017
Russia May 23, 2017
Canada May 31, 2017
Taiwan June 1, 2017
Spain July 26, 2017
Ukraine November 1, 2017
Brazil November 14, 2017
Czech Republic November 14, 2017
Slovakia February 28, 2018
Germany June 26, 2018
Croatia July 31, 2018
India
(Tez release date August 17, 2017)
August 28, 2018
Italy September 19, 2018
Denmark October 30, 2018
Finland October 30, 2018
Norway October 30, 2018
Sweden October 30, 2018
United Arab Emirates November 14, 2018
Chile November 27, 2018
France December 11, 2018
South Korea Announced from 2018 (Not yet released)

Supported Network ( Jan 2019 )

  • Visa / Visa Debit / Visa Electron
  • MasterCard / Debit MasterCard
  • American Express
  • Discover
  • Diners Club
  • JCB
  • Maestro
  • PayPal in US, Germany
  • Rupay in India
  • Unified Payments Interface ( UPI )
  • Edy ( Stored value card in Japan )
  • nanco ( Stored value card in Japan )
  • EFTPOS in Australia
  • Interac in Canada
Bank Cards
Source: News Nation

Till now these are some countries where Google Pay is available and these are some networks which are accepted in Google Pay. Google Pay is available in 29 countries ( Not including South Korea ) which is more than Samsung Pay. Android users can download Google Pay from here. iOS users can download Google Pay from here.

Samsung Pay

Samsung Pay
Source: Sandy Spring Bank

Samsung Pay is also a digital wallet introduced by Samsung Electronics on August 20 2015, launched in South Korea, which allows users to make payments using compatible devices and other Samsung manufactured devices.

This wallet support both NFC bases payment and also magnetic stripes, which is accomplished by using the technology called magnetic secure transmission (MST). Samsung Pay uses NFC technology to process payments like tap-to-pay terminals. Which makes payment more optionally, secured, and fast. Samsung Pay can be opened on any Samsung devices by swiping from the bottom of the screen. There is no limit on card loading in Samsung Pay.

Simple to use
Source: Doctor of Credit

Samsung has made some minor changes in some selective countries to provide more additional features for those countries users. For example in India Samsung Pay support government’s Unified Payments Interface (UPI) and also allows the Bharat Bill Payment System. Adding into this, Samsung Pay in mainland China supports In-app Payment, QR Payments (WeChat Pay and AliPay) and public transportation in many sites like Shanghai, Shenzhen, Beijing and other cities. In South Korea, Samsung Pay can be used for online payment and even withdrawal of money can be done in selective banks. Also in Hong Kong, Samsung Pay can be linked with Octopus card using which user can make online and offline payments.

How MST works
Source: Samsung Global Newsroom

Samsung Knox and ARM TrustZone technologies are used as security measures in Samsung Pay. Every Payment must be authenticated using Fingerprint scan, Password or Iris Scan (Depends on Samsung device Model). For security purpose, Samsung Pay payments are converted in tokens by which user details are secured. There are many other security measures which can be added by the users. Mainly there are no charges for transactions on Samsung Pay.

Samsung made a deal with Visa after which Samsung Pay can be used in more than 350,000 retailer websites. Samsung Pay also has its own reward points which later can be redeemed like gift card.

As such there is no transaction limit in Samsung Pay, but transaction over 35$ are verified.

Supported Countries (Jan 2019)

World map of Samsung Pay users
Source:BlankMap-World6
Country Name Release Date
South Korea August 20, 2015
United States September 28, 2015
China March 29, 2016
Spain June 2, 2016
Australia June 15, 2016
Singapore June 16, 2016
Puerto Rico July 13, 2016
Brazil July 19, 2016
Russia September 28, 2016
Canada November 8, 2016
Thailand February 8, 2017
Malaysia February 24, 2017
India March 22, 2017
Sweden April 27, 2017
United Arab Emirates April 27, 2017
United Kingdom May 16, 2017
Switzerland May 23, 2017
Taiwan May 23, 2017
Hong Kong May 25, 2017
Vietnam September 28, 2017
Belarus November 15, 2017
Mexico January 30, 2018
Italy March 22, 2018
France April 26, 2018
South Africa August 21, 2018

There are total 25 countries in which Samsung Pay is available which is less than Google Pay or Android Pay. Also, Samsung Pay is not available on Every Android device which makes the availability of Samsung Pay even less. Furthermore, Samsung Pay is not available on every Samsung devices.

Compatible devices (Jan 2019)

Samsung Mobiles
Source: Wccftech

Galaxy S

  • Samsung Galaxy S6
  • Samsung Galaxy S7
  • Samsung Galaxy S8
  • Samsung Galaxy S9

Galaxy Note

  • Samsung Galaxy Note 5
  • Samsung Galaxy Note FE
  • Samsung Galaxy Note 8
  • Samsung Galaxy Note 9

Galaxy A

  • Samsung Galaxy A5, A7, A8, A9, A9 Pro (all 2016) and A9(2018)
  • Samsung Galaxy A3, A5, A7 (all 2017)
  • Samsung Galaxy A8, A8+, A8 Star (all 2018)

Galaxy J

  • Samsung Galaxy J5 & J7 (2016)
  • Samsung Galaxy J5 / J5 Pro (2017)
  • Samsung Galaxy J7 / J7 Pro (2017)
  • Samsung Galaxy J7 Max (2017)

Galaxy C and others

  • Samsung Galaxy C5 and C5 Pro
  • Samsung Galaxy C7 and C7 Pro
  • Samsung Galaxy C9 and C9 Pro
  • Samsung Galaxy On5 (2016)
  • Samsung Galaxy On7 (2017)
  • Samsung W2017
  • Samsung W2018

Smartwatches

  • Samsung Gear S2 (NFC only)
  • Samsung Gear S3 (NFC and MST)
  • Samsung Gear Sport
  • Samsung Watch (NFC only)
Samsung Pay
Source: Samsung

These are the Samsung devices in which Samsung Pay is Compatible and few Samsung Smart wears. However, there are few devices which can support Samsung Pay mini. If you want to setup Samsung Pay visit here, And if you are looking for how to use Samsung Pay then visit here.

Beneficent of Samsung Pay

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