Users simply hold the device near the contactless payment reader. Google Pay does not require a customer to open the Google Pay app to complete a transaction. Apple Pay limits its product to Apple customers only. Google Pay works on most NFC-enabled Android smartphones and watches, but it also offers an app for the iPhone. One notable difference is in which devices are able to use Apple Pay vs Google Pay. They also work seamlessly with a near-field communication (NFC) reader to complete a secure, contactless transaction. Both Google Pay and Apple Pay allow users to upload credit, debit, prepaid and loyalty cards. There are many similarities between these two mobile payment options.
Then, the customer can use the Google Pay checkout option when making a purchase online or in person. A customer simply downloads the Google Pay app onto their Android device, adds a debit or credit card, verifies the card information, and saves it. It works the same way as Apple Pay, but for Android users. It’s a very similar product to Apple Pay (and potentially Apple Pay’s biggest competitor).Īs a contactless payment, Google allows customers to pay for their items using an app on their smartphone or smartwatch. Today, Google Pay is a digital wallet that allows users to send and receive money, store card information and use that information to pay for items in apps, in stores and online. In 2018, Google Wallet merged with Android Pay to become Google Pay. Google Pay started as Google Wallet, a peer-to-peer payment system (like Venmo or PayPal) for sending and receiving money to friends and families. For merchants, offering Google Pay is a simple way to capture more sales with minimal investment. Google Pay is projected to add 10.2 million customers between 20, according to TechCrunch.
The convenience, speed and safety of apps like Google Pay have caused the adoption of contactless payments to accelerate over the last year. Getty Images/ferrantraiteĬustomers and business owners alike benefit from using mobile wallet options like Google Pay and Apple Pay.
Google Pay is a digital wallet that allows users to send and receive money, store card information and use that information to pay for items in apps, in stores and online.