The “Mobile Wallet Profiles 2019: Apple Pay, Google Pay and Samsung Pay” company profile has been added to ResearchAndMarkets.com’s offering.
Apple Pay outshines Google’s and Samsung’s mobile wallets
Growing usage figures expected for Apple Pay, Google Pay, and Samsung PayÂ
The number of mobile wallet users of Apple, Google and Samsung’s payment services is projected to remain on the growth path through 2020. Apple Pay maintains the lead on the global scale, while in specific markets the ranks might differ. For example, Samsung Pay was the top mobile wallet in South Korea in terms of the overall transaction volume in 2018, according to statistics. In both Russia and Turkey, Google Pay was used more intensively for online purchases than Apple Pay. In the US, all three were outranked by PayPal’s app for in-store mobile payments, with Apple Pay as a close second.
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The three Pays continue to expand coverage and services
Overall, all three wallets covered in the report continue to grow internationally as they add new markets. Europe and North America are the most covered regions in terms of the services’ availability, while Latin America and Africa remain largely untapped. In Asia-Pacific, Apple, Google and Samsung face rivalry from popular local providers such as Alipay, Paytm and LINE Pay. To strengthen their competitive edge, the companies are constantly adding new features and services to their mobile wallets.
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Questions Answered in this Report
- Which of the three Pays has the largest number of users worldwide?
- Which mobile wallet is leading in terms of country coverage?
- How do Apple Pay, Samsung Pay and Google Pay rank compared to other payment services in different countries?
- What features and services do the three wallets support and how do they differ?
Companies Mentioned
- Alipay
- Alphabet Inc.
- Apple Inc.
- LINE Pay
- PayPal
- Paytm
- Samsung Electronics Co. Ltd.