With such flexibility in interacting with the credit card reader, Samsung Pay can truly replace that pile of credit cards in your wallet with a phone app. Rather, Samsung Pay works with conventional credit card readers, using the newer EMV or NFC tech, or even the older ones using magnetic strip technology – by holding the phone next to it, the credit card information contained in the magnetic strip gets transmitted via a technology called magnetic secure transmission (MST). The good thing about Samsung Pay is the near universal acceptance as merchants do not need to opt into the program. The Samsung Pay app connects to credit and debit cards from a number of major banks. It is supported on several of Samsung’s latest flagship smartphones, such as the Galaxy S9, but not on other manufacturer’s phones, limiting more widespread adoption. With their market-leading Galaxy phones (opens in new tab) now common among users, Samsung also now provides their mobile payment app, Samsung Pay.

Google pay v samsung pay