Comparing Apple Pay and Google Pay: Which Wallet Should You Use?

On the morning of August 8, 2023, Apple Pay officially launched in Vietnam, drawing significant attention from the user community. Apple Pay has partnered with several major banks and is continuing to expand its collaborations with other banks in the future.
However, some customers are still weighing their options between using Apple Pay or Google Pay. Let’s take a closer look and analyze these two e-wallets to find out which one suits you best.

Introduction to Apple Pay and Google Pay

Apple Pay is a payment service developed by Apple, officially introduced in Vietnam on August 8, 2023. With Apple Pay, users can easily perform secure contactless transactions using devices like the iPhone, Apple Watch, and iPad.

It utilizes NFC (Near Field Communication) technology to connect to card readers in stores, allowing users to make payments simply by placing their device near the POS terminal.

Similarly, Google Pay has been operational for several years, developed by Google, and works in much the same way as Apple Pay.

Comparing Apple Pay and Google Pay – Which Payment Method Should You Choose?

Device Compatibility

Apple Pay is compatible with Apple devices:

• iPhone: iPhone 6 and later

• iPad: iPad Air 3 and later, iPad mini 3 and later, iPad Pro

• Mac: Macs with Touch ID

• Apple Watch: Series 1 and later

Apple Pay supports many international payment cards, including VISA and Mastercard.

Google Pay is compatible with a broader range of platforms:

• iOS: 10.0 and above (depending on the market)

• Android: 7.0 and above

• Smartwatches running WearOS

Google Pay supports NFC and HCE technologies and works with many VISA/Mastercard cards.

Users can use Apple Pay across various Apple devices, while Google Pay works on many Android devices with NFC and HCE support.
Note that Google Pay can also function on certain iPhones running iOS 10.0 and above, although its payment card diversity is not as broad as Apple Pay.

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Comparison of Security Between Apple Pay and Google Pay

Both Apple Pay and Google Pay focus heavily on high security standards. However, the methods by which these two services ensure user safety differ.

Apple Pay:

• Uses Tokenization.

• Card information communicates directly with the bank to create a code known as DAN (Device Account Number).

• The DAN is securely stored in the device’s security chip and changes with each transaction.

• DAN cannot be accessed from outside the device.

Google Pay:

• Stores card information on Google’s servers.

• Provides users with a virtual card called Google Pay.

• Transactions within the app are processed through this virtual card, protecting user information.

• Google is the only entity that can access the “real card” information during transactions.

Apple Pay and Google Pay for Children

Apple Pay:

• Usable from 13 years old and up with a Visa card.

• Some services require a family account with a person over 18 years old.

Google Pay:

• Available for users aged 18 and above.

Apple Pay supports creating separate accounts for children under parental guidance, allowing parents to set and limit the spending amount. Additionally, parents or guardians can monitor all transactions through Apple Cash Family.

In contrast, Google Pay requires parental or guardian consent when applied to children. Children are added to the parent or guardian’s payment account. As a result, all their transactions must go through the “Ask to Buy” feature, requiring approval by the account holder. For management, parents and guardians can use the Google Family Link app.

Other Notable Points

• Apple Pay supports many Apple platforms, while Google Pay supports multiple devices including iPhone and iPad.

• Both Apple Pay and Google Pay can operate without a Wi-Fi or mobile network connection.

• Google Pay can work in sleep mode without security authentication (with a spending limit).

• Both Apple Pay and Google Pay are free for users.

• Apple Pay offers the Apple Pay Later installment payment feature.

• Beyond payment functions, both Google Wallet and Apple Wallet support storing various types of cards such as membership cards, service cards, boarding passes, and both support NFC communication methods.

• Both Apple Wallet and Google Wallet support P2P (peer-to-peer) features, allowing users to transfer money directly between devices using similar apps (iMessage for iOS, Google Message for Android).

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Conclusion

Overall, both Apple Pay and Google Pay are mobile payment solutions with their own advantages. Apple Pay integrates deeply with Apple devices, creating a convenient payment environment within its ecosystem. Meanwhile, Google Pay leans toward cross-platform usage and enhances safety through virtual cards and server management.

Based on this comparison, Apple Pay has more advantages for iOS users, as Apple’s ecosystem holds a significant market share in Vietnam. Therefore, Apple Pay is expected to become much more popular than Google Pay in the coming years.

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