Samsung Pay vs Google Pay – Which Is Better?

    Amid the huge surge in online buying over the past two years amid the Covid19 pandemic, mobile wallets have been pushed to ensure safe, secure, and contactless payments. The restrictions imposed on physical transactions during 2021 and 2022 as part of the global government measures to combat the Covid19 pandemic saw online sales skyrocketing during the first half of 2020. The trend continued and completely changed the buying habit of people. Most buyers now prefer online buying to protect themselves from exposure to the coronavirus by avoiding physical interactions. The health concerns resulted in another noticeable change as most buyers started using mobile wallets for making payments for online buying and any other types of transactions.  Consumers started evaluating Samsung pay vs Google pay to decide which could be the best mobile wallet for them.

    Why is the focus on Samsung pay vs Google pay

    Near Field Communication or NFC wallet is one of the most preferred payment methods in today’s world. NFC has made buying products and services so easy with one-click payment options. There are many NFC wallets available for use, including Samsung pay, google pay, PayPal, Apple pay, android pay, and many more. But often, people tend to compare Google pay with Samsung pay. But why do Google and Samsung hold the center stage when discussing mobile wallets?  The reason is that despite all other mobile wallets belonging to reputed and trusted brands, users are most comfortable using Google or Samsung mobile wallets.

    Moreover, both Google and Samsung wallets are for that highly outnumber iOS devices; hence both companies have massive user bases. So this article will focus on Samsung Pay vs Google Pay. Both Payment applications are providers for android phones. They have similar features, making it difficult to decide which is best.

    Understanding mobile wallets

    Digital or mobile wallets are fast replacing credit cards and debit cards as the most preferred payment option during transactions at physical stores or online buying.  The convenience of using mobile wallets is much more than making payments using credit and debit cards because the payment process is much simpler and completed in one or two clicks. To understand the reason for the simplicity of the payment process by using mobile wallets, you must know how does Samsung pay work. Since all digital wallets use similar technology, their working ways are similar. 

    Digital wallets or mobile wallets are software-based platforms that enable users to make payments without sharing personal information of their financial accounts with the payee. It is like transferring money the same way you would pay cash from your physical wallet without the recipient knowing where the money came from. All financial details of the wallet owner remain confidential and stored within the database of the wallet, whether it is Google pay or Samsung pay, or any other mobile wallet.

    Payment processing powered by NFC technology

    All mobile wallets use NFC or Near-field Communication Technology to establish a line of communication between devices. The technology uses a key, a QR code, and another personal identification format when processing the payment at the payment terminal. Users must tap or wave the device that stores the mobile wallet at the merchant’s POS terminal to initiate payments. 

    Mobile wallets store the financial details of users in a highly encrypted form, making it impossible for cybercriminals to access them. The high security of mobile wallets ensures safe transactions and is one of the reasons for their growing popularity.

    Let us now explore deeper into Google and Samsung mobile wallets.

    Google Pay – What Is It All About?

    Google Pay is an app by Google specifically designed for mobile payment services. The debit card and credit card of a user can be stored in smartphones as this payment system power online and in-app payments. This digital wallet of Google Pay allows for saving event tickets, boarding passes, gift cards, and vouchers. If he wants, the user can link it to Paypal and make payments through it.

    How to use google pay? One of the best features of Gpay is that it makes contactless payment very easy, having a Tap-to-Pay option. 

    Any android smartphone with the NFC feature can support Google Pay. It allows one to pay through the phone, even in-store. IOS users can also use this app, but its features are limited. One of the most important features they can’t use is making store payments.

    Before Google Pay, Google launched Android Pay which was limited to in-app purchases. It was in early 2018 that both apps merged to become one, which now makes it easy to send money to peers and make an in-store payment.

    As Google Pay is a mobile wallet, it not only facilitates payments for purchasing products and services like recharging your mobile and paying monthly bills, but you can even receive money in your wallet. When you need some funds urgently, you can request some of your friends and acquaintances to send money to your wallet. It’s a great way to send money to anyone quickly, provided you have money in your wallet. In case of doubts, check out the Google Pay review section on Google Play Store.

    Samsung Pay- A Little Glimpse 

    Samsung Pay is Samsung’s version of a mobile wallet that you can install on your smartphone for making payments in retail stores across the world. It works similarly to Google pay by using NFC technology for processing payments and transferring funds. But those who are Samsung fans who know well what is Samsung pay would place it a notch above Google Pay when comparing Google pay vs. Samsung pay. The reason is that Samsung Pay is more versatile due to its compatibility with NFC-enabled terminals, traditional card machines, and payment terminals using Magnetic Secure Transmission (MST). 

    How to do a safe transaction?

    Ensuring safe transactions while maintaining high confidentiality of users’ data has helped mobile wallets gain users’ trust. As Google Pay does not share any user’s personal information with the payment recipients, there is no reason to ask is Google pay safe? In addition, users must use their fingerprint, face recognition, or enter the password to activate the wallet for payment, making it impossible for criminals to break through the device and misuse it. The features of Google pay security make it one of the most reliable mobile wallets that are often the first choice of users who can install the digital wallet on android smartphones of any make. There are more Samsung pay-supported devices than Google Pay and other mobile wallets. 

    This mobile payment app is developed by Samsung. Samsung Pay is available for people with a Samsung phone. It means to use it; one must have a Samsung phone. It may be a limitation for Samsung Pay as it is not compatible with other brands of Android smartphones. Looking at it from another angle, it is a privilege offered to Samsung fans. However, Samsung Galaxy 21 users might not find Samsung Pay suitable as the device does not support the MST technology, thereby restricting the versatility of the mobile wallet. Instead of using NFC, Samsung pay uses MST or, as one says, Magnetic Secure Transmission. 

     

    Is Samsung pay safe?

    Samsung Pay is a highly secured payment system that protects user and payment information by adding several layers of security. All data remains locked and hidden from all third parties. The mobile wallet uses the proprietary Samsung Knox technology that maintains constant vigil of the system through close monitoring of all activities. As users know how to turn off Samsung Pay, they need not worry even if they lose their phone because that can deactivate Samsung Pay remotely. Moreover, the highly secure fingerprint identification system makes it impossible to operate the mobile wallet if it falls into the wrong hands. If you want to create invoice using the online tool, then you should do prior research on it.

    Google Pay vs Samsung Pay

    People always have the question, is Samsung pay worth it? Here is a small comparison of Google Pay and Samsung Pay to make one understand the same.

    Samsung Pay Google Pay
    It is available only on the latest Samsung devices in 18 countries, including the U.S.A., Singapore, U.A.E, the United Kingdom, etc. It is available in Android phones and IOS, but its features in an apple phone are limited.  Google Pay is currently available in 40 countries.
    For easy access, one can store loyalty cards, debit cards and store credit in its wallet. Be it loyalty cards, debit cards, vouchers, coupons, or boarding passes, everything can be stored in google pay’s wallet, making it easy to make contactless and in-store payments.
    It is widely accepted as it uses both MST and NFC It just used NFC, but there are transportation services in some countries that allow using Google Pay without NFC
    It has an advanced security system that ensures the account and its details are safe. Even Google Pay has a strict security system keeping the data safe.

     

    A combination of NFC and MST technology doesn’t make Samsung pay the best. Google pay has a presence globally and is available for most phones. So, let’s take a deeper look to analyze the best.

    • Security

    There is no difference between security systems or technology used by Google Pay and Samsung Pay. Both make sure that the financial information of their users is safe. There are features such as facial recognition, fingerprint scanners, etc, to ensure that any third person does not make the payment. But Samsung is sometimes more trusted regarding security, as even the British government uses it.

    • Global Reach

    A person who travels abroad frequently should choose Google Pay over Samsung Pay. It is because Google pay is accepted in around 40 countries, whereas Samsung is not even there in 20 countries. But Samsung Pay can be very useful in the countries where it is available because of the MST technology used by it.

    • Transaction Limit

    One of the best things about both apps is there is no limit to the amount while making a transaction. But a minimum or a maximum amount can be set individually by different vendors.

    It is not just Google Pay vs Samsung Pay that people often compare. Both are competition to each other, but still, they have many common features. Here is a comparison of google wallet versus apple pay.

    Google Pay Apple Pay
    Google Pay is available for android smartphones and smartwatches that have NFC enabled in it. But even IOS users can use some features of this app. Apple Pay is available for users with Apple products like the iPhone iWatch or Ipad
    The google pay wallet gives a provision to save certain information. Those are boarding passes, debit cards, credit cards, and store cards. With the help of Paypass technology, a user can store information about credit cards, debit cards, and loyalty cards.
    One can send money to their peers or family using their phone number, UPI Id, or barcode. It is only possible if the other person has an account in Google Pay A p2p payment can be made using Apple Cash.
    One can easily send payment to the seller account if the person doesn’t have an account in Google Pay It is accepted by many apps and many stores, including Starbucks, Sephora, KFC, Costco, Pizza Hut, Walt Disney, Whole Foods Market, Airbnb, Groupon, Chipotle, and many more

     

    Conclusion:

    So be it Apple Pay, Google Pay, or Samsung Pay, they three share a lot of features. The one which the user has should be the deciding factor. It completely depends on the individual when deciding which is the best. A Samsung phone is mandatory if a person wants to use Samsung Pay. This is one of the biggest drawbacks due to which more people prefer Google Pay. As one can’t buy a Samsung smartphone just by using Samsung Pay.



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