Android Pay and Google Wallet fall under new Google Pay moniker

Android Pay and Google Wallet fall under new Google Pay moniker

Google has announced that it is merging its Android Pay and Google Wallet into a new service called Google Pay. Google says you'll see Google Pay everywhere in the coming weeks, and it's already accepted on sites like Airbnb, Dice, Fandango, HungryHouse, and Instacart.

Google Pay is available now.

In a company blog post, VP of product management for payments Pali Bhat described this as more of a rebranding than a change to the underlying products or technology.

Google is fragmented when it comes to paying for things online. Instead, Google opted to go a different path by launching Google Tez, an app that now lets you make bill payments.

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The combined user base of Apple Pay, Samsung Pay and the new Google Pay is expected to exceed 500 million by 2021, Juniper Research predicts. Let us know by leaving your comments down below, or on Google+, Twitter, or Facebook. This will necessitate them to remain separate.

The move will essentially help users make payments through a single Google solution. Over the past couple of years this payment service reached the UK, Singapore, Hong Kong, Poland, Russia and Canada among many other countries. Unsurprisingly this has led to confusion and fragmentation. When you think about it, that wasn't a very versatile brand for mobile payments. Also falling under Google Pay is Google Check out, the web-centric PayPal competitor.

The impact on you at home: Google Pay may be replacing Android Pay on our phones to streamline the experience, but it doesn't simplify the Android digital payments landscape in the slightest. This is because the number of people using credit cards as well as NFC-enabled smartphones is less in India, thereby making Tez a more accessible and useful option as compared to Android Pay.

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