Apple Pay vs Samsung Pay: Head to Head

Samsung is going head to head with Apple as it recently announced its new payment service Samsung Pay. Since its launch, Apple Pay has been a huge success as it represents 1.7% of all mobile payments just a few weeks after its launch. Samsung is trying to introduce a similar service (and hopefully just as successful) with Samsung Pay.

The following banks support Samsung Pay:

• American Express
• Bank of America
• JP Morgan Chase

The following Banks support Apple Pay:

• JP Morgan Chase
• Bank of America
• Citigroup
• USAA
• Navy Federal Credit Union
• PNC

Samsung Pay uses a different technology then Apple Pay called LoopPay. With LoopPay uses a tiny metal coil to generate a magnetic current to the credit card reader, unlike NFC, which requires to you tap a device against a specific compatible sensor.

This means that you can use Samsung Pay with any Credit Card Reader of which are accepted at more then 10.000.000 locations in the US.

Samsung is going head to head with Apple as it recently announced its new payment service Samsung Pay. Since its launch, Apple Pay has been a huge success as it represents 1.7% of all mobile payments just a few weeks after its launch. Samsung is trying to introduce a similar service (and hopefully just as successful) with Samsung Pay. - See more at: http://www.amongtech.com/apple-pay-vs-samsung-pay-which-one-is-better/#sthash.QJi4H7HT.dpuf

Posted in: TECHNOLOGY GADGETS