The future of cashless payments seemed bleak for the rest of Singapore who don’t own an Apple or Samsung smart phone, until today. Google’s the latest to hop on the bandwagon of cashless payments here in Singapore, with the introduction of Android pay. We were picked as the first market in Asia to roll out the service because of our super mobile-savvy consumers and solid telecommunications infrastructure.
It’s no surprise, especially since 78% of Singaporean consumers favor the use of credit and debit cards over cash. Last April, Apple brought in Apple Pay, and in less than 24 hours after that, Samsung announced that we’ll be the first in Asia to have Samsung Pay in June.
Similar to Apple Pay and Samsung Pay, you’ll be able to add any Visa and MasterCard credit or debit cards that have been issued by the following banks into your Android devices: POSB, DBS Bank, Standard Chartered Bank, OCBC Bank and United Overseas Bank. Starting today, Android users can make use the service at more than 30,000 contactless payment readers across retailers like NTUC FairPrice, Shaw Theatres, Starbucks and more.
For a low down on Apple Pay vs Samsung Pay, head here.