Google announced Android Pay on Thursday, calling it the “simple and secure way to pay with your Android phone.” It appears to be Google’s answer to Apple Pay. But what does that mean for Google Wallet, which did not turn out to be the “PayPal Killer” many thought it would be?
According to AndroidCentral, a new version of the Google Wallet app is coming this year with a focus on person-to-person transfers.
Its take – you can already make person-to-person transfers for free in the U.S. using a debit card with Google Wallet, and Google simply hasn’t made it clear what will happen with the service when Android Pay launches in full. “As we can tell now, Android Pay is going to take over nearly all of what Wallet currently does as a second attempt at creating an all-encompassing payment system for Google, leaving Wallet to be a much more narrowly focused app.”
As for Android Pay, you can add credit and debit cards directly from bank apps for use with Android Pay and then pay with your credit or debit card across multiple Android devices, and at thousands of stores and apps.
And with select retailers, loyalty programs and special offers will automatically be applied at checkout.
Making an online purchase? “The days of entering your credit card and shipping address each time you make a purchase online will be a thing of the past. Just select “Buy with Android Pay” and leave the rest to us; checkout is as fast as a tap.”
And as far as PayPal, a spokesperson said its Braintree unit is teaming up with Google to make it easier for merchants to integrate Android Pay. In a blog post, PayPal explained, “We’re pleased to share that Braintree has integrated Android Pay into the v.zero SDK to make it easier for our merchants to add it as a checkout option in their Android apps.”
The spokesperson said its other integrations with Apple, Coinbase, Facebook and others means that Braintree merchants can accept seven different payment methods with one quick integration: credit, debit, PayPal, Venmo, Apple Pay, bitcoin, and Android Pay.
“This is part of Braintree and PayPal’s continued effort to support new payment methods as they become available and be partners of choice in the payments industry,” she said.