Once again Apple has managed to fool people into thinking they've come up with something new. The fact is Apple Pay is a new thing for Apple to use tech that's been out for years.
Google Wallet is every bit as secure regardless of what Tim Cook says about 'secure element' . Wallet will work everywhere Pay will (and vice versa), its basic NFC payment. They will both be supported by the same financial institutions, and they both use existing payment standards.
The only difference -
1. TouchID is marginally faster than entering a pin in Android
2. Google does a terrible job of marketing and informing users. Apple as usual is great at polishing the experience and making it visible.
The real benefit might be raising public awareness.
And one more thing I'm not sure about -
3. Apple Pay will bill your CC directly by using the token generated. Not sure if Wallet will do this or the transaction will have to go via Google.
Google Wallet is every bit as secure regardless of what Tim Cook says about 'secure element' . Wallet will work everywhere Pay will (and vice versa), its basic NFC payment. They will both be supported by the same financial institutions, and they both use existing payment standards.
The only difference -
1. TouchID is marginally faster than entering a pin in Android
2. Google does a terrible job of marketing and informing users. Apple as usual is great at polishing the experience and making it visible.
The real benefit might be raising public awareness.
And one more thing I'm not sure about -
3. Apple Pay will bill your CC directly by using the token generated. Not sure if Wallet will do this or the transaction will have to go via Google.
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