With the recent boom in technology centred at electronic wallets, banking operations have simplified at an extensive scale. The imperative nature of smartphones have been successfully utilised to access electronic wallets, without stressing on the use of credit or debit cards for managing bills concerning meals, shopping, travel etc.
In simple terms, these are card-free mobile payments which only require the candidate to tap his/her device at a retail terminal and the payment will be made.Presently, Apple and Google have vigorously put themselves in offering electronic payment options, with the launch of platforms like Apple Pay and Google Pay. They make use of near-field communication (NFC) technology for allowing users to make everyday purchases under a swift and convenient manner.
Let us try to gain in-depth knowledge about these two wallets and understand which one stands superior.
Apple Pay
Apple Pay was introduced on Oct. 20, 2014, and is a registered iOS mobile payment system. This application makes use of your device for managing payments on NFC-enabled terminals available at the point of sale.
Compatible Devices: One can make use of iPhone6/6 Plus, 6s/6s Plus, 7/7 Plus, 8/8 Plus, iPhone X, and Apple Watch for managing retail purchases. Interestingly, the MacBook Pro with Touch Bar, along with 2017 iPad, iPad Pro, iPad Air 2, and iPad Mini 3 and 4 are also proven compatible with Apple Pay.
Preferred User Range: To be honest, iPhone owners are the primary target since it is suited to be used with iOS compatible devices as mentioned above. The technology can also include iPhone 5 series, if you have an Apple Watch. If not, there is a need to possess an iPhone 6 or later models with Touch ID for the effective use of Apple Pay.
Working: You simply have to enter or scan the credit card details into Apple’s Wallet app available on your Apple device. Visit a store which accepts Apple Pay, and simply hold your iPhone close to the reader while your finger placed on the Touch ID. Users possessing an iPhone X, the Face ID needs to be used for authenticating a purchase.
On the other hand, with an Apple Watch you are required to double-click on the side button, and place the watch so that it faces the NFC reader. The best part about Apple Pay is that, you can transfer money to family and friends using the Messages option. This feature had been launched with the introduction of iOS 11. Quite recently, Sam Ahmed, senior writer at renowned firm best research paper writing service, had written about the benefit of this feature which has surely escalated the role of technology towards e-payments.
Google Pay
Google Pay is the remodeled mobile payment service designated for Android phones which include P2P (peer-to-peer) payments in Google Wallet concerned with the tap-to-pay operation. This application works in union with retailers and various financial institutions for a smooth payment experience. Google Pay preserves your credit, debit, gift card and loyalty information, permitting you to manage quick payments in harmony with point-of-sale (POS) systems available at retail outlets, or even via apps and online methods.
Compatible Devices: Google Pay is compatible for any Android device linked with NFC which runs on Android KitKat or higher version, irrespective of the brand.
Preferred User Range: The good part is that, Google Pay curves across the overall Android device range, be it smartphones, tablets or even watches. Last month few employees working under searchmetrics free trial posted on their social media regarding the advantageous nature of Google Pay; their honest review was readily re-posted by Google.
Working: Google Pay saves credit card information on your device to be later accessed at various retail locations that follow tap-to-pay procedure. When you wish to buy something, do wait for your purchase to be notified; later unlock the phone and hold your device against the labeled part of the terminal. Launching of the app is not necessary; app; however, make sure to enable NFC on your device. Once the payment is accepted, a green check mark will flash on your device.
Conclusion
As analyzed, Apple Pay did take an early leap, which was revealed by the company through its quarterly earnings accounts. However, Google Wallet, an early retail payment system, laid the foundation for its e-payment technology which later switched into Android Pay to present Google Pay. When we focus on authenticating a payment, each of these two apps allow you to use the standard phone unlocking procedure. For Apple Pay, the candidate can make use of their fingerprint, passcode, or infactFaceIDwhen dealing with iPhone X. On the other hand, Google Pay functions when the phone is unlocked with a password, pattern, fingerprint or PIN.
Surprisingly, Apple Pay backs online purchases via the Safari browser as well; this tends to be an additional benefit of this payment app. However, the user is still required to authenticate the purchase using a passcode, fingerprint, or FaceID. Alex Martin, owner of assignment help melbourne organization has been using Apple Pay since two years and has been an ardent follower of the latest updates, as evident through his Twitter feed.
Comparing on a wider front, Google Pay is suitable for Android devices and Apple Pay is no doubt the preferred option for iOS operated devices. With more upgrades expected in the near future, let us see how things unfold for both the e-payment wallets!