While smartphone manufacturer keeping improving its feature and performance, so as thousands of applications, the technology revolution continue expanding services scope to meet the market demand and providing benefits to customers. Apple, Android, Samsung are top three mobile pay app providers, and rivals to seize market share. Although more customers have reported using Apple Pay, Android Pay and Samsung Pay have adoption rates on par, which are competing to win more customers by its distinguish payment features.
Conducting reliable secure process for transaction is still a priority topic that tech companies working on. Apple Pay and Android Pay must exclusively rely on Near-Field Communications (NFC), which requires newer terminal equipment at the checkout counter. Instead, Samsung invested in Magnetic Secure Transmission (MST), which transmits card information to older terminals that only accept magnetic stripe cards by creating a magnetic field similar to that of a mag stripe card as it’s swiped. However, it is not a significant factor in adoption because Samsung pay users reported that they use NFC payment more often than MST mode.
Source:
https://arstechnica.com/business/2016/06/apple-android-samsung-whos-winning-the-mobile-pay-app-race/