Following the failure of its previous payments drive (which required modernizing banks and making it mobile-friendly), Google is back with a slightly more simple but equally ambitious initiative. Your real wallet will also be replaced by Google Wallet, which will take the place of the outdated Google Pay software currently loaded on your phone.
To start, the Google Pay app will soon become the new Google Wallet app. Its icon is a multicolored G followed by Pay against a white circular background.
WHY DO YOU USE GOOGLE WALLET? Google intends to replace and virtualize physical wallets with this payments push. Credit and debit cards, tickets to events and transit, airline boarding passes, loyalty and gift cards, and records of vaccinations are the main sources of this. The current list of things that can be saved to your phone includes that, virtual car keys, and student IDs. It will synchronize with other Google apps in the interim:
For instance, if you link a transport card to Wallet, Google Maps will immediately display your card and balance when you search for directions. Before you get to the station, you can quickly tap and add fare if your balance is getting low.
Mobile driver’s licenses and state IDs will eventually be stored in Google Wallet, which is referred to as a secure digital credential repository. However, this is greatly dependent on the modernization efforts of state DMVs (in the US) and other local organizations. Having said that, Android already provides the necessary technical foundation for securely storing your ID on a phone. This will happen later in the year.
Office credentials and hotel keys will also reside in Wallet. Although this necessitates outside assistance, things ought to improve as systems are upgraded.
Google emphasized the option of Find My Device to lock or destroy your device on the privacy front, and that your Private Passes will be noted.
Google Pay vs. GoogleWallet Those two brands will live side by side. The Buy with Google Pay button is still present on the web and in mobile apps, and Google Pay stickers are still displayed at checkout counters and in stores. When you conduct a transaction, Google Pay is still used. It’s basically the same situation as what Apple has been doing with its Wallet app and Apple Pay service on the iPhone for a number of years.
However, in addition to the new Add to Google Wallet button, developers also have the option to create passes other than the original seven types, such as membership cards and insurance cards (offers, loyalty cards, gift cards, event tickets, boarding passes, transit tickets and vaccine cards).
In a nutshell, Google Wallet serves as a storage space for all of your credit cards, identification documents, and other crucial cards.
OPENING TIMES FOR GOOGLE WALLET Wallet will be accessible in the more than 40 countries where Google Pay is already available. This summer, the aforementioned Android app upgrade () will be released, and starting with payment cards, Google Wallet will also be available on Wear OS.
The main exclusion is that Wallet won’t be visiting India. GPay will continue to be the app offered there, and customers in the US and Singapore can continue to use it to manage their money and shop for bargains. Most notably, this program still includes peer-to-peep (P2P).
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