Samsung Pay and Apple Wallet are two of the leading rivals in mobile payment services.
They are similar and they almost work the same way,but they also have several features that make them different from each other.
The concept behind these two digital wallets is using your phone for transactions that you usually would have to pull out your wallet.
Smartphones have become vital in our lives and they are making things easier every day and this is one of the leading causes of digital wallets evolution.
Apple Wallet was launched a year or so earlier than Samsung Pay. These two services might sound and a lot like each other but they are different.
Apple Wallet is used hand in hand with Apple Pay. It is primarily used to load credit and debit cards, gift cards, loyalty cards, tickets, coupons and other things that would typically go into the wallet.
Once you add all of these in the Apple Wallet, you can easily use them to pay at different stores online or in apps.
You can choose to use Apple Wallet to pay for services,or you can choose to use the cards in the Wallet to pay via Apple Pay.
Apple Wallet serves as Apple Pay’s home. Every transaction done with Apple Wallet or Apple Pay using the cards loaded in the Wallet must be authenticated using a fingerprint for security purposes.
With Samsung Pay, you can add all the supported cards and use them instantly. You cannot add coupons and tickets on Samsung Pay and this is one of the limitations if you compare it to Apple Wallet.
Samsung Pay app lets you pay in person or in-app and in addition, you get rewards when you make a purchase using the app. You can add credit and debit cards on the app as well as gift cards and membership cards.
Samsung Pay also lets you add loyalty cards and reward cards too on the app as well as gift cards.
With Samsung Pay, it is as easy as swipe and tap and the transaction is complete.
For security purposes, you need to verify every transaction with your finger print before the amount is deducted from the account.
If your device supports Samsung Pay,but it doesn’t have fingerprint verification, then you need to enter the passcode for the transaction to be successful.
Apple Wallet lets you use passes on the iPhone to check in for flights, redeem or et rewards, redeem coupons and get into movies.
The passes include essential information like the balance on the coffee card, the coupon’s expiry date, your seat number for a concert and many more.
If you compare this with Samsung Pay, it is different because the app is primarily used to make purchases.
Another advantage of Apple Wallet over Samsung Pay is that you can set the time and or location for Wallet to make some passes appear, right at the time or location you want to use them because the app is always location-aware and works online.
For example, your boarding pass should appear when you arrive at the airport and you just have to slide and unlock your device to scan your pass.
You can also set the app to give you automatic notifications for things like coupons and sales for nearby stores or flight updates.
With Samsung Pay, you have to get to the wireless terminal to pay for the transaction you want and you cannot customize the app to give you notifications or updates on the things mentioned above.
With Samsung Pay, you can be able to access your transaction history on the device,but when it comes to storing and tracking of data, the company is unclear.
Samsung did not reply when the question was raised,but they are most likely to address the issue.
Apple Wallet, on the other hand, being a product of Apple does not store or track your purchase data nor does it supply the retailers with the data.
Samsung Pay acquired LoopPay and the company integrated technology that allows the Samsung phone to work with NFC-free magnetic strip card readers and this is where Samsung Pay wins.
It can use almost any old terminal as compared to Apple Wallet that requires NFC enabled registers to work.
The magnetic stripe reading option in Samsung Pay is not all smiles because it can be nagging at times.
You must hold the device in a certain way above the magnetic stripe reader for it to work.
The other significant difference in these digital wallets is they can only be supported independently.
Apple is known to have apps that can only be used on the iOS platform while Samsung, on the other hand, has Android OS but its digital wallet can only be used on Samsung mobile phones.