Google Launches Android Pay to Compete with Apple Pay and Boost Mobile Payments

Commentary by Giulio Prisco. Google has announced an upcoming mobile payments framework called Android Pay, Forbes reports. Android Pay will not be a separate payment app, but a platform that enables developers to integrate mobile payments into their apps using an API layer. Google's senior vice president of Android, Chrome and Google Apps Sundar Pichai announced the upcoming payment platform at the Mobile World Congress in Barcelona."We are doing it in a way so that anybody else can build a payments service on top of Android," he said at a press event. "In places like China and Africa, we....

In February, Bitcoin Magazine reported Google's preliminary announcement of Android Pay. Now, at the annual Google I/O event on May 28 and 29, Google officially announced its upcoming payment platform and revealed more details. Android Pay isn't a separate payment app, but an open platform that enables developers to integrate mobile payments into their apps. In fact, Android Pay is built right into the core Android operating system. It will be available for download from Google Play soon, and included in the next version of the Android OS - dubbed Android M - expected to be released this....

The mobile payment ecosystem has never been more competitive than it is right now, as various companies and device manufacturers are battling for supremacy all over the world. Android Pay could be a legitimate contender in this race although it remains to be seen how much traction this solution can gain all over the world. Now that Android Pay is coming to the United Kingdom, Google will face their first test in the in the mobile payments industry. UK Merchant Participation For Android Pay. No matter how attractive a mobile payment solution might be, it all comes down to merchant....

This is where the manufacturer has a competitive advantage over Apple Pay and Android Pay, as those solutions only support very limited smartphone models. Although consumers upgrade their smartphones on a near-yearly basis these days, it is hard to justify a new seven-hundred dollar phone just to use mobile payments. The Fintech sector is buzzing with various mobile payment solutions which are all directly competing with one another. LG Pay will be rolling out very soon, which only makes things more interesting for consumers. Especially when considering how LG Pay will be available across....

There is a lot of excitement in the world of payments these days, especially now that so many companies are focusing their attention on the mobile space. With so many consumers owning a mobile device that has Internet connection capabilities, contactless payments are evolving to this new medium. Android Pay is Google’s answer to mobile payments, and users can now get a free Chromecast when using the option. Bitcoin, on the other hand, offers proper incentives and rewards that are not tangible. In the mobile payment sector, a war is going on between manufacturers and operating system....