News about Google Wallet.
February 6th, 2017
Two thirds of 18- to 25-year-olds in the UK (64%) are using a mobile wallet, while only 14% have “no interest” in doing so, research released by social money transfer app Moneymailme reveals. “PayPal seems to remain one of the most frequently used online payment services among 18- to 25-year-olds (52%), while newer entrants to the market like Apple Pay (18%) and Google Wallet (9%) are starting to gain market share,” the company says. Meanwhile, 48% believe cash will become obsolete within 20 years.
November 3rd, 2016
Google has unveiled a new Google Wallet web app that will allow users to send money to friends and family through a web browser. The recipient doesn’t need the Google Wallet app to receive the…
November 2nd, 2016
More than half of US consumers (60%) are currently using a method of digital payment with the most popular proving to be PayPal, used by 51%, a study conducted by Thales in conjunction with Wakefield Research reveals. Apple Pay came in second with 11%, followed by Google Wallet (7%), Android Pay (6%), Chase Pay (6%), Samsung Pay (5%) and Venmo (3%). “88% of respondents reported they would discontinue using digital payments if they personally fell victim to cybercriminal activities as a result of a data breach,” the survey finds.
October 3rd, 2016
Previous users of Google Wallet will not be permitted to transfer cards to Android Pay from October 14. “Many former Google Wallet users were able to bring any card they had in Wallet to Android Pay, even if it wasn’t a supported bank,” 9to5Google reports. “Google has revealed via email that those grandfathered cards will no longer be supported on October 14. Google doesn’t cite a specific reason for this change, only stating that this was always going to be limited time only.”
August 30th, 2016
An update to Google Wallet is adding support for automatic transfers to bank accounts. “Users will now be able to select a bank account or debit card for automatic transfers within the app or via the web,” TechCrunch reports. “Once enabled, you won’t have to manually cash out money from your Wallet balance — it will just automatically become available.” The update will begin rolling out gradually this week. Google relaunched Google Wallet as a P2P payment solution in September 2015.
July 19th, 2016
Consumers can now automatically receive personalised offers on their mobile devices as they watch television or listen to the radio and save them to third party mobile wallets through a new solution launched by intelligent media provider Valassis.
July 4th, 2016
More than 25% of US smartphone owners make use of mobile payment apps at least once a month, research from Parks Associates reveals. “More than 3m retailers combined accept Apple Pay and Android Pay, but consumers currently prefer retailer-specific apps such as the Starbucks payment app,” the firm says. “The most dominant payment app is currently PayPal, which is used by one in five smartphone owners.” Retail branded apps take second place, followed by Google Wallet/Android Pay and Apple Pay in third.
April 1st, 2016
Google has confirmed that it is to terminate its Wallet Card on June 30. “Moving forward, we want to focus on making it easier than ever to send and receive money with the Google Wallet app,” the company says. Reports that Google was to end support for the physical card emerged earlier this week following an app teardown by Android Police.
March 29th, 2016
Google will terminate its physical Google Wallet Card on June 30, an app teardown from Android Police reveals. “Google will continue all operations with the Wallet Card through May 1,” the publication reports. “This won’t impact the Google Wallet app or any accounts, since they will continue to be useful for sending and receiving money from other users. Balances can be withdrawn at any time. No reason has been given for terminating the physical card.”
March 4th, 2016
Nearly half of US point of sale merchants (44%) are using or have requested information about mobile wallet solutions and 67% of those wanted Apple Pay, an investor note by Piper Jaffray analyst Gene Munster reported by Barron’s reveals. “That figure dwarfs the 18% that requested Android Pay/Google Wallet, 8% for PayPal and 7% for Samsung Pay,” the report adds.
March 3rd, 2016
Nearly six in ten US millennials (58%) say cash is their preferred way of paying and being paid by friends, followed by P2P payment apps (26%), cheque (8%) and electronic bank transfer (8%), GOBankingRates reveals. Of the 26% who chose P2P payment apps, 11% prefer PayPal, followed by Venmo (6%), Google Wallet (5%) and Square Cash (4%).
December 11th, 2015
Google Wallet users will soon be able to send money to anyone in their contact list using just a phone number. “When you send money to a phone number, the recipient will get a text message with a secure link,” Google writes in a blogpost. “They can simply enter their debit card to claim the money and it will be available in their bank account within minutes.” Google relaunched and repositioned Google Wallet as a P2P payment solution in September 2015.
November 12th, 2015
Customers of Israel’s Bank Hapoalim can now withdraw cash from ATMs using their NFC mobile phones at the bank’s newly opened digital branch. “Customers can open their app, pick an amount to withdraw and even select what denominations of banknotes they want even before they leave the house,” The Jerusalem Post reports. “When they pass the ATM, they use the same no-contact technology behind Apple Pay and Google Wallet to retrieve their cash.”
October 30th, 2015
An “overwhelming majority” of US consumers (75%) say they most trust banks to keep their payments safe, an American Bankers Association survey has found. 4% most trust alternative payment providers such as PayPal and Venmo while only 1% most trust major retailers or telecom companies. 6% of US consumers have used a mobile app to make a payment, the survey found, with PayPal most popular (45%) followed by Apple Pay (42%) and Google Wallet (11%).
October 27th, 2015
Android Pay has signed up “millions” of users since its launch in the US in September 2015, Google’s Sridhar Ramaswamy has told attendees during his keynote at Money20/20. He also announced that single tap loyalty rewards are set to go live at NFC-enabled Coke vending machines in the next “few weeks”.
October 23rd, 2015
Poynt, the POS maker founded by former Google Wallet lead Osama Bedier, has raised US$28m in a Series B funding round and announced that it has gained PCI PTS, PCI DSS and EMV certification for its device. Poynt Smart Terminals will run the PoyntOS open platform and include support for third party apps as well as mag stripe, EMV, NFC, QR and Bluetooth beacon transactions.
September 17th, 2015
Eight in ten UK consumers with bank accounts have used an alternative to traditional cash and plastic cards in the last 12 months, research by Gocompare.com has found. 4% have made an NFC mobile payment,…
September 10th, 2015
Google has begun rolling out its Android Pay mobile payment platform across the US today. In-store NFC mobile payments using the system will be possible at more than one million locations within the next few days, with in-app payments and loyalty expected later this year.
September 10th, 2015
Google has relaunched and repositioned its tap-and-pay Google Wallet app as a peer-to-peer payment solution ahead of the expected rollout of Android Pay later this month. “For now, two versions of Google Wallet exist in the Google Play…
September 1st, 2015
A new update to the Google Play services app could let users select between Google Wallet and Android Pay under a ‘Tap and Pay’ option. “The only problem is this feature has to be turned on by Google before it becomes accessible,” Android Authority reports. Android Pay is expected to launch “soon”, according to a tweet from the official Android account.