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Samsung Pay faces an uphill climb against Apple Pay and Google Wallet

Galen Gruman | March 2, 2015
Its key potential advantage won't exist for much longer, as the U.S. moves to a new payment terminal standard.

Google's latest move should make Google Wallet broadly available in the United States, which should get more users, banks, and retailers to support it.

Although Samsung has secured the backing of the same key credit card processors that support Google Wallet and Apple Pay, I wonder if it'll face the same opposition from U.S. carriers as Google had.

Even if not, Samsung Pay is up against both Apple Pay and Google Wallet for buyers' adoption, and it's not clear what the advantage of Samsung Pay will be once those EMV- and NFC-compatible readers come to the United States.

Source: Infoworld


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