25 February 2018
visit www.nextgenbanking.co.uk/

Google squares up to Apple with Android Pay launch

10 September 2015  |  11222 views  |  1 androidpay

Google has begun rolling out Android Pay in the US, enabling users to make instore mobile NFC payments at more than a million locations across the country.

The wallet will be introduced gradually over the next few days, working with NFC-enabled Android devices running KitKat 4.4 and above on all US mobile carriers.

American Express, Discover, MasterCard and Visa are all onboard, meaning customers can add credit and debit cards issued by banks including BofA, USAA, and US Bank to the wallet. Citi and Wells Fargo will be available in the next few days.

Unveiled at Google's I/O developer conference, Android Pay is Google's second shot at mobile payments after its Google Wallet effort failed to take off - in large part due to a lack of support from mobile network operators.

This time Google is taking advantage of its recent acquisition of telco-owned rival Softcard to make sure that any Android handset bought through AT&T, T-Mobile or Verizon supports Android Pay out of the box.

The Web giant still faces formidable hurdles, including powerful rivals in Apple, Samsung and retailer consortium MCX. Nevertheless, with tens of millions of handsets ready for the service, Apple Pay seeing a levelling off in adoption, Samsung Pay yet to launch in the US, and MCX floundering, Google is confident of winning over users.

Initially, Android Pay will only work for instore payments - with the likes of Macy's, Subway and Whole Foods lined up - but Goole says that the service will soon be extended to enable user to make in-app purchases as well.

With Android Pay hitting the Play store, Google Wallet is also getting a refresh, morphing into an app focused on sending and receiving money. Users can send money directly from their bank accounts, debit cards and Wallet balances to anyone in the US with an email address.
KeywordsEFTPOS

Comments: (1)

A Finextra member
A Finextra member | 10 September, 2015, 22:23

Google did not acquire Softcard, just acquired some IP and did separate distribution deals with the carriers.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Google and Samsung sign up for MasterCard express tokenisation programme

Google and Samsung sign up for MasterCard express tokenisation programme

08 September 2015  |  11786 views  |  0 comments | 9 tweets | 12 linkedin
Android Pay could launch this week

Android Pay could launch this week

24 August 2015  |  9489 views  |  0 comments | 26 tweets | 22 linkedin
Samsung Pay lines up card schemes and banks for launch

Samsung Pay lines up card schemes and banks for launch

13 August 2015  |  14604 views  |  1 comments | 29 tweets | 27 linkedin
MCX in danger as Rite Aid breaks ranks

MCX in danger as Rite Aid breaks ranks

11 August 2015  |  8306 views  |  2 comments | 12 tweets | 9 linkedin
TfL on-board for Apple Pay's UK launch

TfL on-board for Apple Pay's UK launch

08 June 2015  |  11986 views  |  3 comments | 25 tweets | 41 linkedin
Google unveils Android Pay

Google unveils Android Pay

28 May 2015  |  16081 views  |  7 comments | 25 tweets | 29 linkedin
Apple Pay forces first split in MCX ranks as Best Buy jumps onboard

Apple Pay forces first split in MCX ranks as Best Buy jumps onboard

28 April 2015  |  6796 views  |  2 comments | 14 tweets | 9 linkedin
Softcard confirms shut down

Softcard confirms shut down

27 February 2015  |  9342 views  |  0 comments | 10 tweets | 5 linkedin
Google bids to breathe life into Wallet through telco partnership

Google bids to breathe life into Wallet through telco partnership

23 February 2015  |  7921 views  |  0 comments | 21 tweets | 11 linkedin
Apple Pay claims to cover 90% of US credit card market

Apple Pay claims to cover 90% of US credit card market

17 December 2014  |  13138 views  |  1 comments | 23 tweets | 18 linkedin
Money20/20: MCX and Softcard set out plans to take on Apple Pay

Money20/20: MCX and Softcard set out plans to take on Apple Pay

05 November 2014  |  8322 views  |  0 comments | 5 tweets | 5 linkedin
Apple Pay launches

Apple Pay launches

20 October 2014  |  12142 views  |  1 comments | 10 tweets | 14 linkedin
Google underwhelms with new Wallet release

Google underwhelms with new Wallet release

29 January 2013  |  9667 views  |  0 comments | 18 tweets | 4 linkedin
Google Wallet suffers further setbacks as key execs jump ship

Google Wallet suffers further setbacks as key execs jump ship

20 March 2012  |  12575 views  |  2 comments
Google launches mobile wallet

Google launches mobile wallet

19 September 2011  |  17650 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukRegister for the webinarvisit www.ebaday.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12667 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10834 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9333 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8712 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8636 views comments | 11 tweets | 14 linkedin

Featured job

Find your next job