Competitor Profile: Google Pay
Google Pay was launched in February 2018. The service was formed following the merger of Google’s existing Google Wallet and Android Pay payment brands.
The solution is accepted at millions of retail outlets globally and supports all of the major payment networks, including American Express, Mastercard, Visa, Discover (US only), Visa Electron (excluding US), PayPal, and JCB (Japan and US only). It is supported by a host of major banks and credit unions in the US. Users can store details of multiple debit, credit, and prepaid cards on Google Pay, which can be used to make payments at merchant outlets.
In addition to in-store payments, Google Pay also allows users to make online payments, enabling users to shop on participating websites. It has partnered with Visa Checkout, allowing users to link their Visa Checkout account with Google Pay to make payments.
In addition to online payments, users can make payments on merchant apps and withdraw cash at ATMs. Google Pay also allows users to make peer-to-peer (P2P) fund transfers among friends and family members by using their mobile phone number and e-mail address. Users can also use voice commands to make payments through Google’s virtual assistant.
The report provides information and insights into Google Pay including -
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