Google Pay: Google’s New Advent for Simplifying Mobile Payments


Posted December 17, 2018 by ezimok

The latest launch of Google is quite amazing for android users. While Android Pay is Google's high-profile payments app, Google Wallet is its peer-to-peer payments solution for you.

 
Every year, Google has something to give the users with their amazing announcements. It is well known that the people are looking for easy and quick ways to perform various tasks, whether shopping, booking tickets and even for payments. Keeping all this in mind, Google is simplifying the way people make mobile payments using one of its many services and the latest one is “Google Pay”. When it comes to payment method, people always prefer internet banking or debit/credit card. But, what if you get a one-click payment method when you shop for something and transferring money to anyone? Sounds great right? Google has all made it possible for you!
This is not the first time when Google has launched something unique. Initially, the app was launched as “Android Pay” App, which is further rebranded as ‘Google Pay’. This app basically a combination of Android Pay and Google Wallet under a single umbrella. And of course, we all know about Apple Pay which is supported on the iPhone, Apple Watch, iPad and Mac. The advent of such kind of apps is also helping mobile app development companies who are developing apps including e-commerce, taxi booking and movie ticketing, travel and hotel booking etc. They can prefer online payment method like-Google Pay for easy and quick payments.

Facts Related to Google Pay-
•With the help of Google Pay, both Android Pay and Google Wallet will be brought under one banner, simplifying things and making payments far more convenient. It is the simplest way to send money home to your family, recharge your mobile, or pay the neighborhood shop in just a few seconds.
•Google Pay takes benefit of physical authentications for instance fingerprint ID where available. On devices without fingerprint ID, Google Pay is activated via a passcode, which can be set by the user. When the user makes a payment to a mercantile, Google Pay does not send the credit or debit card number with the payment. In its place, it generates a virtual account number representing the user's account information. This service keeps customer payment info private, sending a one-time security code instead of the user or card details.
•Moreover, users can add payment cards details to the service by taking a photo of the card, or by adding the card information manually. This will help them to be default choose any card in their next purchase. Looking to this feature, it can be said that instead of using credit or debit cards, a substantial part of the market making use of pay based apps on their phones for payments, which as a result giving a push to m-commerce.
•For targeting the users of India, the Google has named the app “Tez”, which can be used where UPI payments are accepted. This UPI based mobile payments system currently supports 50+ banks.
•There is also a great feature attached with the app, such as the next time you make a purchase from Google or from any of its partners like Airbnb, Instacart and other you'll see Google Pay as an option. Here, all your details will naturally be synced to your Google account, so that you will not have to worry about which piece of information goes where.
When talking about the market, it has been analyzed that more than 1.2 billion people have access to a bank account with payment capabilities. Therefore, this provides a great opportunity for the companies who are going to hire android app developers for mobile payment app. Considering the market growth, it has been analyzed that, mobile wallet app development can be a good idea for the startups, small or large enterprises to invest.

If you are the one searching for the top mobile app Development Company, then Fluper Ltd. is the one-stop solution for you.

About Fluper-
Founded in 2013, Fluper ranked amongst the well-known organization in the world of app development. In a very short span of time, Fluper has constantly established itself as a pioneer of mobile applications whether iOS and Android. The excellent and passionate team of mobile app developers together helps build winning apps for businesses, brands or tech startups with best-in-class technologies and cost-efficient methodologies.
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Last Updated December 17, 2018