Cardless payment systems are getting implemented by more merchants today.
Your smartphone digital wallet is your ticket to a more streamlined shopping experience.
Android Pay and Apple Wallet are some of these digital payment methods and the competition between them is high.
The only similarity between them is the services they offer,but the way in which they offer these services is different.
The technology most used by these mobile payment services is Near Field Communication (NFC) technology.
The technology transmits your debit and credit card information when you bring it close to a contactless payment terminal.
And it allows you to complete the transaction without having to fumble through your wallet looking for a credit card.
NFC will enable you to make secure payments with a broad range of merchants.
These two services (Apple Wallet and Android Pay) might seem like they are the same,but they are not.
They might offer the same services but they do it differently.
One of the most significant differences between these two services is the platforms they use.
Apple Wallet is confined to iOS users only. Only Apple devices specifically iPhone6 and later have Apple Wallet installed.
You cannot use Apple Wallet on a device using any other platform and this is a limitation or a challenge to smartphone users.
Android Pay, on the other hand,is confined to users of Android devices only.
You can’t use Apple Wallet on an Android device the same way you can’t use Android Pay on Apple devices.
The only advantage Android Pay has over Apple Wallet is that it can be used besides other digital payment services like Samsung Pay and Google Wallet.
Android is dominating the smartphones market and this translates to having a wider market share as compared to Apple Wallet.
Most people prefer using a platform that is used by most people and is certified to be easy to use by users and this happens to be Android OS.
Another difference between Android Pay and Apple Wallet is the number of retailers that currently allow both the services.
Remember Apple Wallet is just a virtual place of stuffing all your cards, coupons, boarding passes and tickets.
It is used as the home screen for Apple Pay meaning the app is used hand in hand with Apple Pay.
This means the retailers who allow Apple Wallet are the retailers who allow Apple Pay in their stores.
Currently, Android Pay has more than 1.5 million stores in the US that currently support their services with more being added all the time.
More than 1000 banks and credit unions in the United States including all the major banks support Android Pay with more being added every day.
On the other hand, Apple Wallet was released before Android Pay and it got a head start in adding banks and retailers as well as country support for Apple Pay.
Apple Pay is supported in more than 20 countries worldwide making it one of the most widely supported mobile payment service.
Apple Wallet trolls Android Pay regarding users since it was released first.
In terms of retailers, Apple Pay boasts having expanded to over 50% of all retailers.
All the major banks in the US support Apple Pay for their debit and credit cards.
This is a significant difference and a competitive edge for Apple Wallet againt other virtual wallet providers.
The number of credit unions and small banks that support this service continue to grow every day.
Apple Pay currently has more than 4 million retailers that support the service.
When it comes to security, the two services are somehow similar and different at the same time.
Many people are confused by this asking how?
With Apple Wallet used alongside Apple Pay, it requires a fingerprint scan to authorize and complete a transaction from the smartphone.
This is done to ensure the security of all the transactions from your device making sure these payments are not made by anyone else.
With Android Pay, a fingerprint scan is not required to authorize a transaction,but if your device has a fingerprint scanner, you can set and use it to authorize transactions.
If your device doesn’t have a fingerprint scanner, you can set a PIN or passcode to authorize the transactions.
There are other options available for newer android devices like face recognition, pattern or iris scan depending on the screen security settings on your device.
As the digital wallets become tougher every day, the consumer is the ultimate winner with the option to choose any of the services they want to use.
One advantage with Android pay over Apple Pay is that you get reward points the more you use it.
The consumer can research on the best of the services in terms of service, security, ease of use, convenience and other distinct features.