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Google confirms launch of Android Pay

2015-09-11 09:10:00| Telecompaper Headlines

(Telecompaper) Google announced the launch of its Android Pay app and a revamp of its Google Wallet service. Going forward, the Google Wallet service will focus exclusively on sending and receiving money. The app works with both Android and iOS devices to send money to anyone in the US with an email address, even if they are not a Wallet user. After receiving money over Google Wallet, users can cash out to a debit card or linked bank account or spend it using a Google Wallet Card, accepted wherever Debit MasterCard is accepted in the US. The change in Google Wallet comes as Google rolls out its new Android Pay service in the US. Android Pay will support contactless payments with NFC smartphones. Over the next few days, owners of eligible Android devices can begin using Android Pay by downloading the app from Google Play. Users then can add their credit, debit or other select small business and prepaid cards to the Android Pay account and start making payments. The service works with Visa, MasterCard, American Express and Discover cards, issued by a range of American banks. Google said the service will be available initially at over 1 million points of sale in the US, including retailers such as McDonald's, AT&T, Office Depot, Macy's Jewel-Osco and Chevron. 

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