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    Case Study 3

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    Mida Sutriyani Purba
    The three major players in the mobile payment market are technology companies like Apple, Google, and Samsung, large banks like JPMorgan Chase and Wells Fargo, and major credit card companies like Visa, Mastercard, and Discover. When it comes to mobile wallets used to make retail payments, Apple Pay is the leader followed by Google's Android Pay, PayPal, and Samsung Pay. Venmo is considered a social mobile payment system because people can use their social networks to make and receive payments by needing only an email address rather than a bank number. Apple Pay can be used across many Apple devices while Android Pay is mostly used on smartphones, and Android Pay requires a PIN while Apple Pay uses fingerprint authentication. Samsung

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    Case Study 3

    Uploaded by

    Mida Sutriyani Purba
    162 views1 page
    The three major players in the mobile payment market are technology companies like Apple, Google, and Samsung, large banks like JPMorgan Chase and Wells Fargo, and major credit card companies like Visa, Mastercard, and Discover. When it comes to mobile wallets used to make retail payments, Apple Pay is the leader followed by Google's Android Pay, PayPal, and Samsung Pay. Venmo is considered a social mobile payment system because people can use their social networks to make and receive payments by needing only an email address rather than a bank number. Apple Pay can be used across many Apple devices while Android Pay is mostly used on smartphones, and Android Pay requires a PIN while Apple Pay uses fingerprint authentication. Samsung

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    The three major players in the mobile payment market are technology companies like Apple, Google, and Samsung, large banks like JPMorgan Chase and Wells Fargo, and major credit card companies like Visa, Mastercard, and Discover. When it comes to mobile wallets used to make retail payments, Apple Pay is the leader followed by Google's Android Pay, PayPal, and Samsung Pay. Venmo is considered a social mobile payment system because people can use their social networks to make and receive payments by needing only an email address rather than a bank number. Apple Pay can be used across many Apple devices while Android Pay is mostly used on smartphones, and Android Pay requires a PIN while Apple Pay uses fingerprint authentication. Samsung

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    162 views1 page

    Case Study 3

    Uploaded by

    Mida Sutriyani Purba
    The three major players in the mobile payment market are technology companies like Apple, Google, and Samsung, large banks like JPMorgan Chase and Wells Fargo, and major credit card companies like Visa, Mastercard, and Discover. When it comes to mobile wallets used to make retail payments, Apple Pay is the leader followed by Google's Android Pay, PayPal, and Samsung Pay. Venmo is considered a social mobile payment system because people can use their social networks to make and receive payments by needing only an email address rather than a bank number. Apple Pay can be used across many Apple devices while Android Pay is mostly used on smartphones, and Android Pay requires a PIN while Apple Pay uses fingerprint authentication. Samsung

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    Nama : Lermida Sutriyani Purba

    Nim : 1733004
    Kelas E-Commerce By: Mam Valentine Siagian

    Study case 3

    1. Who are the three major players in the mobile payment market?
    In terms of subscribers, technology companies come first such as Apple, Google,
    Samsung and Paypal. Second, large banks such as JPMorgan, Chase, Wells Fargo and Citi.
    Third, the major credit card companies such as Visa, Master Card and Discovery etc. In a
    nutshell, the leaders are Apple Pay, PayPal, Google, and Square. But a more detailed answer
    depends on what you’re referring to by “mobile payments,” since that can mean a few different
    things. When it comes to mobile wallets consumers use to make payments at retail
    stores, Apple Pay is at the top of the heap, followed by Google’s Android Pay, PayPal, and
    Samsung Pay. As for mobile point-of-sale systems/mobile payment processing apps that let
    small businesses can take credit card payments on a mobile device, Square is the leading
    player. PayPal is also in the mobile credit card processing processing market with their PayPal
    Here app. For peer-to-peer mobile payments, Venmo and Square Cash are leaders – Venmo is
    owned by PayPal and Square Cash is the simplified peer-to-peer version of the Square point-
    of-sale app. Google Wallet (the P2P version of Android Pay) is also popular for P2P mobile
    payments.

    2. Why Venmo is considered a social-mobile payment system?


    Because people can use their social network to make and receive payments. They don’t
    necessarily need other person’s bank number. All they need is, for example, their email
    address.

    3. How does Apple Pay differ from Android Pay and Samsung Pay?
    While Android pay is mostly used on smartphones, Apple pay can be used by many other
    forms of Apple devices, not only on iPhones. Android pay asks customers to enter PIN while
    Apple pay is confirmed by the customer’s fingerprint. Samsung Pay stores coupons and reward
    cards. They are all similar in functionality.

    4. How does PayPal enable mobile payments?


    PayPal is currently the most successful and profitable non- traditional online payment
    system. It is accessible from all different types of devices. It enables mobile payments in 3
    ways. First, PayPal sells a device that allows merchants to swipe credit cards using a
    smartphone or tablet. Second, customers use their mobile device browser on a tablet or
    smartphone to make a purchase or payment at a website. A third method is PayPal’s updated
    app for iOS and Android devices.

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