Android Pay to eventually overtake Apple Pay?

Android Pay to eventually overtake Apple Pay?
Mobile payment services got a shot in the arm from Apple Pay. Such services seemed stuck, destined to be a tool that no one used until Apple Pay changed things. Apple's advertising, the popularity of the iPhone in the U.S., and consumer's desire to make checking out at the store a quick and easy experience, combined to make Apple Pay the early leader in mobile payments.

But a report by Digitimes says that Android's 75% global market share will eventually make shops and banks more interested in offering Android Pay than Apple Pay. Apple's global share is 20%. In addition, Apple Pay is found only on the newer iPhone models and Apple Watch. Any Android phone with NFC enabled will work with Android Pay after a simple software update. Lastly, Google has said that it won't take a fee from the use of Android Pay, while Apple collects a percentage of each transaction that uses Apple Pay. That difference alone could lead many retailers to join Android's camp instead of going with Apple.

Android Pay has multiple verification options including fingerprint scanners, eye-scanners and PINs. This allows the feature to be used by Android phones in the entry-level, mid-range and high-end categories. According to Digitimes, it all means that Android Pay will eventually become the most popular mobile payment system, used by more people than Apple Pay.

The report didn't mention Samsung Pay, which launched in the U.S.late last month after a successful test in South Korea. Because Samsung Pay uses both NFC and MST (magnetic secure transmission), retailers don't necessarily have to support NFC to use it. As long as a retailer swipes credit cards, they can use Samsung Pay. This means that 90% of the retailers on the globe already use it. But like Apple, Samsung Pay is limited in the number of devices that support it.

source: Digitimes

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47 Comments

1. hafini_27

Posts: 945; Member since: Oct 31, 2013

I think Samsung Pay is the one to look out for.

5. AlikMalix unregistered

Agreed...

8. Bjray

Posts: 199; Member since: May 29, 2014

Not so much as Samsung but MST payments. When it's non-exclusive to Samsung devices and Android Pay supports MST it'll be unbeatable.

14. tedkord

Posts: 17181; Member since: Jun 17, 2009

Samsung bought LoopPay and its patents. It's going to be exclusive to Samsung for quite a while.

24. 8ozchickenbreast unregistered

The patents and tech were stolen by Chinese hackers.

26. tedkord

Posts: 17181; Member since: Jun 17, 2009

That doesn't mean other manufacturers are allowed to use it.

34. 8ozchickenbreast unregistered

In China, sure.

17. Cicero

Posts: 1108; Member since: Jan 22, 2014

The problem with Android Pay, and generally Google Services, is they are locked on regions. Now they are concentrated on USA and some small areas. When will be globally available than we will talk about it. Until than we have only hope and expectations.

30. BobbyBuster

Posts: 854; Member since: Jan 13, 2015

They say "simple updates"..... That proves how ignorant they are. It's Android. Even the most simple things are almost always impossible on Android.

31. asdsker

Posts: 3; Member since: Jul 13, 2015

i cant see how this statement is true. so far both android and ios have had problems all the time.

40. schultzter

Posts: 16; Member since: Oct 20, 2015

In most countries the liability laws result in processors requiring you to use the chip & PIN or NFC - the mag stripe is just there for decoration. The law in the US is changing this fall too. So MST is a) US only; and b) for a couple years at most.

9. cncrim

Posts: 1583; Member since: Aug 15, 2011

Samsung Pay is best I use it all the time but unfortunate there is a is flip side, in next a year or two all debit/credit card will have chip and magnetic strip will be gone. Therefore, Samsung Pay might not make that much impact down the road. Go to store in next few month, you will be ask insert card into slot. I believe that is why Digitimes didn't not mention Samsung Pay.

11. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

How fast u think MST is going to disappear? My Chase Bank card and my AMEX both have chips yet still have a magstrip

41. cncrim

Posts: 1583; Member since: Aug 15, 2011

it is depend how fast credit card company send those chip reader machine. They(credit card) company plan to replace all the MST terminal MST with Chip reader capability in next year or two. And you probably asking "SO"? guess what they will change their policy on fraud protection, so what will happen is the stores still can continue to except card by swipe but if any fraud/stop unauthorized tranactions that store have to eat it. And when store choke on few big one, eventually they will just ask credit card company program to disable the MST reader. I think MST will be still there just that you can use it, so you kind being force use the chip reader.

48. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Those chip readers still have magstrip. Ever single one I have use in the USA have them. At Target, they have the chip reader and it's accepts swipe too. McDonald's has them too, but the chip reader last time I tried, was still not active, but NFC and the swipe is. Card reaters in the US I see will still allow swiping as a backup if NFC or other methods fail. Even if if magstrip is gone one day, Samsung Pay still works with NFC. Samsung Pay is payments done right.

19. DRS1977

Posts: 678; Member since: May 27, 2015

Samsung Pay already works in places where you have to insert your card. I use it on a daily bases at Walmart and Target where I have to insert my card. The Samsung MST works at both places.

25. 8ozchickenbreast unregistered

How many banks support Samsung Pay, out of curiosity?

42. cncrim

Posts: 1583; Member since: Aug 15, 2011

Right now as this comment there are 4.

44. 8ozchickenbreast unregistered

Lmao seriously?

16. Acer_Predator unregistered

Paypal supposed to overtake this looong time agoo..

2. ysk79

Posts: 39; Member since: Jan 06, 2014

Although I use an iPhone. Have to agree with universal payment problem. Apple needs to open up to all NFC payment terminals

12. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

The iPhone will work with any NFC terminate. Just aren't very many.

22. Ahovking

Posts: 711; Member since: Feb 03, 2015

In the US..but most of the developed world NFC terminate are in just about every location, In developed countries like Australia, Samsung Play and indeed Android pay has no advantages over Apple pay.

13. AlikMalix unregistered

ysk79, I use Apple Pay, and even today, I used it on a terminal that I was told didnt support Apple Pay but had NFC - it worked fine including got some cash back (Arco Gas Station)

3. iqjumpuw

Posts: 62; Member since: Nov 09, 2013

They should definitely mention Samsung Pay. I would say it is hands down the best mobile payment at the moment until either Apple Pay or Android Pay is more widely accepted.

18. Cicero

Posts: 1108; Member since: Jan 22, 2014

Where Apple pay and Android pay is working Samsung pay is working too. Plus the MST strip.

4. Subie

Posts: 2321; Member since: Aug 01, 2015

"quick and easy experience" says the article. That pretty much sums up Pay Pass which I use all the time without a phone.

6. AlikMalix unregistered

The idea is, I walk into anything without bringing my wallet with me. Yes you can have a key chain thingy... but I can store all my cards, value cards, and etc on one place.. .how many keychains do you have to carry with you?

36. Subie

Posts: 2321; Member since: Aug 01, 2015

I have one Mastercard. I get how Android Pay works. My post was that quick and easy already exists, not that Android Pay, Apple pay, Samsung Pay sucks. Your post on the other hand doesn't show how Android pay is quicker or easier then just tapping a card.

38. AlikMalix unregistered

Sorry, I don't use android pay, so I cannot compare - but I'm guessing it's quick and painless too, Apple Pay is quick to use... Extremely quick! What I meant was: sometimes I don't have my wallet with me, sometimes I don't have my keys with me - but think about it, when was the last time you were out without your phone?

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