Google’s Android Pay Tussles against Apple Pay
Some of us have likely seen the Apple signs and logos in storefront windows indicating the acceptance of Apple Pay. This is Apple’s method of breaking into the payment industry for competing against larger financially-focused platforms like Square.
An official blog post was published on the Android blog detailing the official public release of Android Pay. It can be used to handle secure payments in many store along with managing gift cards and store credits.
Android Pay works with all NFC-enabled Android devices (running KitKat 4.4+), on any mobile carrier, at every tap and pay ready location across the US. Android Pay will support credit and debit cards from the four major payment networks: American Express, Discover, MasterCard and Visa. These cards are issued by many of the most popular US banks and credit unions, including American Express, Bank of America, Discover, Navy Federal Credit Union, PNC, Regions Bank, USAA, and U.S. Bank. Wells Fargo will be available in the next few days, Capital One and Citi are coming soon, and we’re adding new banks all the time.
Since this is still so new there’s bound to be many further advances in due time. It’s hard to know what to expect at this point, but I will say it seems Google is going all-out to compete against Apple’s similar alternative.
You’ll find a whole lot more information on the Android Pay homepage. From there you can also find out which device support Android Pay & how you can get it setup on your Android-powered mobile machine.
At the moment it seems this may also tie into Google Wallet, although details are still in the works.
One thing for sure is that Google’s pulling out all the stops to get this idea in motion & into people’s hands as fast as possible.
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