Samsung, however, ups the ante since the payment system also integrates a magnetic secure transmission (MST) feature. All you have to do is look out for an NFC terminal (see picture above) that has the payWave or PayPass logo.

For both Apple Pay and Samsung Pay, any merchants that accept Visa payWave or Mastercard PayPass would work with either mobile payment systems. NFC terminals, photo credit: Stuff Retailers

Winner: It’s a draw between Apple Pay and Samsung Pay So there’s really no excuse that you can’t pay because that particular store doesn’t accept either of the major payment methods. On the bright side, the inclusion of that many banks also mean that both Visa and Mastercard are widely accepted across Apple Pay and Samsung Pay. Nonetheless, it’s safe to say that both Apple and Samsung are still actively courting the missing banks in their list, so it’s really just a matter of time before your card is accepted on either mobile payment systems. Samsung, on the other hand, has successfully wooed Citibank, building its inventory of supported banks to also include DBS / POSB, OCBC, and Standard Chartered. The one missing element here is Citibank. Then it also managed to get major local banks such as DBS / POSB, OCBC, UOB, Standard Chartered on board too.

The question is, which is your preferred mobile payment system? We have that answer for you, examining the three most basic requirements of a convenient payment system: banks, retailers, payment limit and compatible smartphones.Īpple started off early with securing American Express and launching earlier. Rather, it’s simply a matter of putting your WhatsApp messages on hold, activating your preferred mobile payment and card on the phone, scanning your fingerprint and tapping to pay. With both Apple Pay and Samsung Pay finally available, you’ll no longer have to grapple with multiple credit cards in your wallet.

Samsung pay v apple pay