Credit Card

So the future of mobile payments is finally here. In April, Apple Pay rolled out in Singapore, starting with American Express and later, DBS, OCBC, POSB Standard Chartered and UOB followed soon. This month, Samsung rolled out its Samsung Pay system here, making Singapore the 5th country in the world to enjoy this financial convenience. Samsung Pay is available for Visa and MasterCard credit and debit cards issued by POSB, DBS, OCBC, Standard Chartered and Citibank.  Here's a lowdown of the new payment systems. 


Apple Pay

Samsung Pay






Standard Chartered





iPhone users use Appple Pay and Samsung phone users use Samsung Pay. Our guess is, at this point, payment functionality wouldn't be a key decision factor for most people when it comes to selecting a new phone. But if you must be the first in line to enjoy one of the payment systems, either get an iPhone or a Samsung Android phone.

For both systems, you can upload your cards by scanning a picture or enter your card data manually (Wallet app for Apple Pay, Samsung Pay app for Samsung Pay). This allows you to pay with your mobile phone without your physical credit card. For security measures, you also need your fingerprint as a verification.


Eligible devices

Samsung Pay

  •       S6 edge+
  •       Note 5
  •       S7 and S7 Edge

Apple Pay

iPhones (both store and apps)

iPads (only in Apps)

Apple watch (only in stores)

  •       iPhone 6s and iPhone 6s Plus
  •       iPhone 6 and iPhone 6 Plus
  •       Apple watch paired with iPhone 5 or later
  •       iPad Pro and iPad Air 2
  •       iPad mini 4 and iPad mini 3

So What Are the Differences?

Samsung Pay uses Magnetic Secure Transmission (MST) that also works on older credit card machines using the magnetic fields to activate the magnetic stripe reader in the credit card terminal. This makes Samsung pay compatible with almost all places, which you can already pay with your phsyical credit card.

Apple Pay is restricted to NFC terminals, of which there are currently around 30,000 terminals in Singapore. NFC technology is often limited to transactions of not more than $100 although some exceptions are made for certain merchants. Samsung Pay that uses MST technology has no limits on a single transaction but your credit card's credit limit still applies.


Apple Pay

Samsung Pay

Payment technology

NFC (radio waves)

MST (magnetic fields) and NFC

Number of outlets

Around 30,000 in Singapore

Almost all credit card terminals

Verification Mechanism



Countries available

U.S., U.K., Canada, China, Australia and Singapore

South Korea, U.S., China, Spain and Singapore

Payment limits NFC

$100 (some exceptions apply)

$100 (some exceptions apply)

Payment Limit MST

Not available

No limit per transaction (subject to your credit limit)

Maximum Cards

Up to 8 cards

Up to 10 cards

So are you ready stash your cards in the drawer and start waving your phone? Check if your phone is able to support this latest feature and head over to  to GoBear's Credit Card comparison to see if your current credit card facilitates either payment system. If it doesn't, get ready to apply for a new card or find out more at Samsung and Apple to get the latest developments on participating banks and devices.

MORE ON APPLE PAY: 10 Places in Singapore That Need to Have Apple Pay Now!