google has rolled out its new payments platformandroid pay a rival to both apple pay and samsung pay.the system will allow users to make payments at more than one million locations in theunited states. kim minï¼ji has more.google′s android pay has become the latest to jump on the bandwagon.the new payment platform will be available
Android pay banks, on smartphones that have nearï¼field communicationcapability running on google′s kitkat 4.4 operating system.like rivals apple pay and samsung pay android pay allows you to make payments with a simpletap on your phone＜... once your credit card details are stored.banks which will accommodate the service include
bank of america＜ u.s. bank＜ and pnc＜...with citi bank and wells fargo set to join in the next few days.google′s latest move is expected to intensify competition in the mobile payment servicessector as more companies encourage consumers to use their phones＜ rather than plasticto pay. what′s more＜ samsung pay is set to launchin the u.s. later this month. since its launch in august＜... samsung payhas enjoyed success in korea＜... with the company saying an average of 25ï¼thousandcustomers have used the service each day. and giving it an advantage over apple payand android pay samsung pay uses magnetic secure transmission technology which is similarto the magnetic strip on credit cards.
this means it can be used at nearly everyterminal that accepts credit cards.
although it remains to be seen whether samsungpay will be successful in the u.s.＜... we won′t have to wait long to see who willtake up the reins in this thriving market＜... estimated to be worth one trillion u.s. dollarsby 2017. kim minï¼ji＜ arirang news.
