New Ways to Pay With Your Phone

Samsung, Google and a few big banks are vying with Apple to put a mobile wallet in your pocket.

Internet shopping concept smartphone with credit card
(Image credit: Getty Images/iStockphoto)

Two powerful contenders are competing with Apple Pay to replace your leather wallet with a virtual one and let you make credit and debit card payments with a tap of your phone. Google has unveiled a revamped wallet for in-store payments, now known as Android Pay. The new Samsung Pay, available on the newest generation of Samsung Galaxy smartphones, can be used almost anywhere you can use a credit card—-not just in stores equipped with upgraded terminals. Banks and retailers are also getting in the game with their own payment applications.

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Lisa Gerstner
Editor, Kiplinger Personal Finance magazine

Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.