Unlock and tap smartphone to the contactless POS terminal until a checkmark appears on the smartphone's screen.

storing barcode loyalty cards (including plane tickets)įor making payments in stores, users just need to.

making payments – in stores and in apps.

So what has earlier been known as Android Pay app is now rebranded to Google Pay, and the Google Wallet app is now called Google Pay Send. In February 2018, the company announced merger of its different payment methods into one unified brand, called Google Pay. Google Pay is Google's contactless payment platform/digital wallet.

And despite the adoption rates, use of these mobile payment platforms is growing as the support infrastructure for them – mainly contactless POS systems – is adopted by more merchants as payment schemes are pushing this initiative through regional compliance/mandate requests. While each platform serves virtually the same function, each one is slightly different with its own strength. It is visible that mobile wallets are slowly taking over the usual payment methods but which ones are the best? For merchants, they only need a contactless POS terminals, but for consumers we are going to drill down everything they need to know about the two most popular ones – Google Pay and Apple Pay - as well as their pros and cons. in 2016, there were 232 million smartphones in use out of whichġ6.5% were used to make a contactless payment the same year (Juniper Research).

And the usage percentages are rising each year. According to the most recent studies of WorldPay, the percentage of using eWallet on eCommerce platforms isġ6%.

Gpay on iphone