![]() This means you can go shopping and skip the fuss without worrying about not having sufficient cash in your wallet. What we are looking for from mobile payment is convenience. Head-To-Head Comparison Photo by Cellular News Since then, the service has expanded globally, and now, it’s available in 52 countries around the world. The service initially launched on September 14, 2014, in the United States. So, Apple provided its patrons with a digital payment service of their own through Apple Pay. Apple PayĪpple holds a significant part of the smartphone market, most of whom use their phones exclusively. Initially launched in South Korea on August 28, 2015, and in the US on September 16 of the same year, the service is currently available in 25 countries worldwide. ![]() This is the company’s own digital wallet and payment service made available to use with the company’s flagship devices. Samsung Electronics has provided its own mobile payment platform for the convenience of its many patrons worldwide in the form of Samsung Pay. And due to its convenience and security, many merchants and consumers alike now have slowly transitioned into using this technology. To put it in simpler words, a mobile payment platform is a form of digital communications technology which helps users perform monetary transactions in a quicker and more convenient way. With the rise in demand for easy payment solutions, Mobile Payment platforms have gained a footing in the digital payments market. ©Photo by Christiann Koepke on Unsplash What is a Mobile Payment Platform? Subsequently, in each category, we’ll deduce a winner.īut first, we need to understand what’s a mobile payment. Hence, we put them side by side for a thorough comparison, from its security, convenience to their advantages.
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