Both Apple Pay and Samsung Pay now available in Russia

apple-pay_samsung-payBoth Apple Pay and Samsung Pay have announced their launch in Russia in the last few days. Samsung announced its arrival in Russia over the weekend. Several banks in the country are now supported including the MTS Bank, Russian Standard Bank, Raiffeisen Bank, VTB24, and Alfa-Bank Banking Group. Apple has also launched its contactless payment service in Russia, as it continues the global rollout of Apple Pay. Customers of Sberbank who are MasterCard holders will be the first to have access to Apple Pay.

Ever since its launch in South Korea last year and in other key markets like the United States, Australia, Singapore, China, Spain, Puero Rico, and Brazil, over 100 million transactions have been made via Samsung Pay, claim the company. As a direct rival of Apple Pay and Android Pay, Samsung Pay is still going strong even if it’s only exclusive to a few Samsung Galaxy devices.

So far, the Samsung Pay service is supported on the Galaxy Note 7, Galaxy S7, S7 edge, Note 6, S6 edge, S6 edge+, Note 5, A9, A7, and Galaxy A5. The South Korean tech giant still has many countries lined up for the rest of 2016 and the coming year.

Apple Pay works in store with the iPhone SE, iPhone 6 and later models, as well as the Apple Watch and initial retailers accepting Apple Pay in Russia include BP, Media Markt, and supermarket chain Atak. Burger King will be added at a later date, according to Apple’s local website.

Apple has been increasing its market share in Russia, which stood at 10.4 percent as of the first quarter of 2016, according to Euroset, the country’s biggest retailer of mobile phones. This compares to 20.6 percent for Samsung and 6.7 percent for Lenovo.

Russia is the tenth country where Apple Pay has been launched since it began in 2014, following the U.S., Canada and the U.K., among others. But competition is mounting. Before the end of 2016, Samsung say they will also be launching in the United Kingdom, Canada, Malaysia, Hong Kong, and Thailand. Turkey will follow next year where Samsung Pay will be offered.

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Categories: Apple Pay, Samsung Pay

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