When comparing Softcard vs Android Pay, the Slant community recommends Android Pay for most people. In the question“What are the best contactless payment options?” Android Pay is ranked 3rd while Softcard is ranked 5th. The most important reason people chose Android Pay is:
Android Pay functions as a platform that allows third-party developers to create payment apps on top of it not as a standalone app itself. This potentially will enable higher competition between available frontends and as a result better solutions without having the payment information tied to one tool.
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Pros
Pro 4-digit PIN provides added security through secondary authentication
4-digit PIN that has to be entered before any transaction can take place adds secondary authentication and makes sure that nothing gets bought by accident.
Pro It's a platform not an app
Android Pay functions as a platform that allows third-party developers to create payment apps on top of it not as a standalone app itself. This potentially will enable higher competition between available frontends and as a result better solutions without having the payment information tied to one tool.
Cons
Con No tokenization
Real credit card information is provisioned to the SIM card.