Are you using mobile transactions yet? This encompasses mobile point-of-sale services like Apple Pay, Samsung Pay and Android Pay. They all work using NFC (near field communication) technology and you now have several options…but which is the best?
It’s difficult to say, but the top 3 platforms all have their pros and cons. Apple Pay, for example, seems to have the most brand-recognition yet they’re battling the perception of being susceptible to fraud. Samsung Pay seems to have the widest reach in terms of retailer acceptance as they have built mag-stripe technology into their platform, but it only works on Galaxy S6-series devices which limits the size of their user-base. And Android Pay works across all of its devices which gives them a big advantage over the others, but their existing Google Wallet customers have been complaining about compatibility differences and the process of switching from Google Wallet to Android Pay.
Most of us will simply go with whatever works on our phones. If you’ve got an iPhone, you’ll use Apple Pay and so on. I’m sure there will be cross-platform apps like CurrentC or PayPal that bring strong offerings using NFC, as well.
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