Apple Pay outshines Google’s and Samsung’s mobile wallets, according to a new report from Research and Markets.
The number of mobile wallet users of Apple, Google and Samsung’s payment services is projected to remain on the growth path through 2020, according to the research group. 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 U.S., all three were outranked by PayPal’s app for in-store mobile payments, with Apple Pay as a close second.
Overall, all three wallets covered in the report continue to grow internationally as they add new markets, according to Research and 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.
