Look out, Apple Pay – Android Pay and Samsung Pay are growing at a faster rate

android pay wear news header
Mobile payments have a long way to go before they actually replace everyone’s wallet, but that doesn’t mean the big boys aren’t already duking it out for supremacy.

A new report from Bloomberg indicates that both Android Pay and Samsung Pay are experiencing faster growth than Apple Pay. However, Apple Pay is still the leader when it comes to total customers.

Samsung reported that it has achieved the 5 million-user milestone and processed $500 million in transactions since Samsung Pay debuted last September 2015. Google and Apple haven’t released actual numbers, but Crone Consulting LLC estimates that Google’s Android Pay has 5 million monthly users, while Apple has about 12 million. Android Pay debuted in September 2015, and Apple Pay debuted in October 2014.


The fact that Apple Pay has more users is no surprise since it had nearly a one year head start. However, Bloomberg is reporting that Samsung Pay is experiencing a faster growth rate than Apple Pay. Although Android Pay wasn’t mentioned specifically, we can assume that Android Pay’s growth rate is also higher since it has the same number of users and it started about the same time as Samsung Pay.

Does this mean that Android Pay and Samsung Pay will eclipse Apple Pay soon? Before anyone gets too excited about that, we need to point out that when Apple Pay debuted, mobile payments were getting the same kind of attention it is now. Although actual numbers weren’t shared, Apple said it attracted 10 times more users during the second half of 2015 as opposed to the first half. It’s likely the launches of Android Pay and Samsung Pay fueled the adoption rate for all three services.

Still, if you combine the user base for Android Pay and Samsung Pay, 10 million is significant since both services run on Android. However, it’s unclear how many of those users signed up for both Android Pay and Samsung Pay.

Forrester Research Inc. estimates that mobile payments will exceed $142 billion by 2019, which means there is a lot at stake here. However, if one company does have an advantage over the other, it’s Samsung. Its purchase of LoopPay last February 2015 gave Galaxy phones the ability to mimic the same magnetic stripe found on the back of credit cards. This means that Samsung Pay can be used on any terminal, even if it’s not set up for mobile payments. Android Pay and Apple Pay can only be used on terminals that accept mobile payments through near field communications (NFC).

We’re also likely to see newer technologies that could affect the race to the top. A perfect example is Google’s Hands Free, a service that lets you make mobile payments with your voice. It’s already available on Android and iOS as a beta test in the Bay area.

We expect that all three mobile payment solutions will perform very well since each has a strong user base. However, it’s still way too early in the game to pick who’s going to come out on top.


Rekindled yet again, Nokia’s next-gen phones offer more than just nostalgia

HMD Global, a startup that designs and builds Nokia Android smartphones, wants to put the Nokia brand name back “where it belongs.” It helps that it’s made up of ex-Nokia employees. We go behind the scenes to see how HMD formed.

Check out the four cool Swatch watches you can use for mobile payments

Swatch has announced its Swatchpay technology is now available in Switzerland, enabling mobile payments from your Swatch watch. It works in a similar way to Apple Pay and Google Pay. Here's everything about it.

Android vs. iOS: Which smartphone platform is the best?

If you’re trying to choose a new phone and you’re not sure about the merits and pitfalls of the leading smartphone operating systems, then come on in for a detailed breakdown as we pit Android vs. iOS in various categories.

Is this the first image of a Galaxy S10 being used in real life?

It won't be long now; With 2019 underway, the Samsung Galaxy S10 is almost here. Before it arrives, here's absolutely everything you need to know about all three of Samsung's next flagships.

Verizon’s deal could get you a free iPhone XR — but there’s some fine print

Verizon launched a new deal for its smartphones aimed at encouraging customers to open a new line. If you're willing and you want two new phones, you could get a free Samsung Galaxy S9, iPhone XR, or Pixel 3.

From DIY to AAA, here's how to take a passport photo in 6 different ways

If you're applying for a passport or renewing one, you need to submit a photo in your official application. There are strict guidelines, but fortunately, it's something you can do at home. Here's how to take a passport photo.

OpenTable points can now be used to whittle down cost of a hotel stay

Have some OpenTable Dining Points built up? Now those points can also be used to make your own hotel discounts. OpenTable is teaming up with Kayak to use points as discounts on participating hotels.

Get $100 discount on the Razer Phone 2 for a limited time

The Razer Phone 2 is finally here, and it's got upgraded specs, that super-smooth 120Hz display, and an updated design. Here's absolutely everything you need to know about the Razer Phone 2.

REI slashes prices on Suunto, Garmin, and Fitbit Versa smartwatches

Though fitness trackers and smartwatches can get pretty pricey, REI is offering some sweet discounts on top brands. Right now, you can get a new smartwatch from Fitbit, Suunto, and Garmin for up to 35 percent off its normal price.
Social Media

Twitter suffers privacy scare as bug reveals tweets of protected accounts

If you set your Twitter account to private and you have an Android device, you'd better check your settings now. Twitter says it's just fixed a four-year-old bug that flipped the privacy switch to make the account public.

How to jailbreak your iPhone on iOS 12: A beginner’s guide

The latest jailbreaking tools for iOS 12 make freeing your iOS device easier than ever. This guide will teach you how to jailbreak your iPhone or iPad, and explain what jailbreaking will do for you.
Social Media

Spice up your Instagram videos by adding your top tunes to the soundtrack

Have you ever taken a beautiful video, only to have it ruined by some jerk in the background yelling curse words? Here's a list of apps you can use to add your own music to Instagram posts as well as your Story.
Home Theater

Dolby’s secret recording studio app may soon exit stealth mode

In secret testing since June, Dolby's stealth recording and social network app may soon be ready to make an appearance. Dolby 234 blends unique noise-canceling tech with Instagram-like audio filters.

Google is buying mysterious smartwatch tech from The Fossil Group for $40 million

Google is about to step up its smartwatch game. The company has agreed to buy an unnamed smartwatch technology from The Fossil Group for a hefty $40 million. Considering the acquisition, it's clear Google is serious about smartwatches.