The Android Pay app has not hit the market yet, but in the meantime Google is already making preparations for its imminent launch.
Google has recently launched a new version of the existing Google Wallet app, which they call Google Wallet. The app is currently available on Google Pay and will be used mainly for transferring money using the Smartphone or for online shopping.
The old Google Wallet app was used for wireless payment, thus being replaced with the new Android Pay which shall also be used for mobile payments.
Google developer’s conference in San Francisco revealed the Android Pay app this year. The question is why should they introduce the same product on the market only under a different brand?
Using this dual app setup, the previous duties of Google wallet app shall be split into two. On one hand people will use Android Pay in order to purchase items online or in stores. One the other hand this leaves Google Wallet with the duty of managing the Google Wallet Card and sending and receiving money via e-mail.
“This app will be updated to Android Pay in the next few days.” was stated at the San Francisco Conference.
The old Google Wallet app helped people to keep track of their gift cards, balance, points, as well as other rewards of this sort. In order to be able to continue to do so, they will have to install the new Google Wallet app.
iOS users might encounter some problems with the new app, because it will not let them transfer their existing gift cards, points and other rewards from the old Google Wallet app onto the new one. They will have to export the data to PDFs or Passbook.
Android users are luckier in the sense that the transfer from one app to the other happens automatically. Additionally, Android users will also be able to access Android Pay unlike iOS users.
Dave Burke, engineering vice president at Google, said that when launched the Android Pay app would function in up to 700,00 US retail stores.
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