The world's two largest smartphone makers muscled into Singapore's already-crowded mobile payment space this week, but experts say it may take a while for them to see much enthusiasm from locals.
Apple launched Apple Pay in the city-state on April 19 for American Express card holders, who can use it at selected outlets and through various apps on most Apple smartphones and some iPads.
Jennifer Bailey, the vice president of Apple Pay, said credit and debit cards from Singapore banks including DBS, UOB and Standard Chartered would work with Apple Play in the coming months. The service had previously been launched in the U.S., China, UK, Canada and Australia.
A day after Apple's announcement, South Korean electronics giant Samsung said Singapore would be the first country in Southeast Asia to receive its mobile payment system, Samsung Pay. The company said the service would launch this quarter, without giving a specific date.
Once available, the city-state will join the likes of South Korea, the U.S. and China, where the service is already up and running. In February, Samsung said its mobile payment service had about 5 million registered users, prior to its launch in China in March.