How Do Apple Pay and Samsung Pay Compare in Russia?

“Between the two, Samsung Pay has a bit of an edge.”

The two most prominent mobile payment platforms are now available in Russia. Samsung Pay launched in the country at the start of the month, and Apple Pay made its debut early this week.

How Do Apple Pay and Samsung Pay Compare in Russia?

Both Samsung and Apple’s mobile wallets leverage mobile biometrics to authenticate point of sale contactless payments.

Between the two, Samsung Pay has a bit of an edge. Like Apple Pay, it has Mastercard support, but it’s also backed by multiple financial services institutions including Alfa-Bank, MTS Bank, Raiffeisen Bank, Russian Standard Bank, and Yandex. Right now Apple only has the support of Sberbank.

Samsung also has a much bigger base of potential users, as its marketshare in the country weighs in at 20.6 percent, compared to Apple’s 10.4 percent. Of course, as we have noted, Apple Pay and Samsung Pay are restricted to different devices and operating systems and are therefore not in direct competition. There’s plenty of room for both to grow as users in Russia and elsewhere get more excited about mPayments.

Sources: GSMArena, NFC World

(Originally posted on Mobile ID World)