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Google unveils Android Pay

Google unveils Android Pay

June 2, 2015

Via: itCurated

Google has announced Android Pay. This contactless payment system is another attempt of Google to gain a foothold in the payments market. With the smartphone tool consumers are able to instantly pay for goods in physical stores and mobile apps on Android phones.

Google unveiled Android Pay at its annual I/O conference in San Francisco. Dave Burke, vice-president of engineering, told the audience Android Pay is based on NFC and can be used in more than 700,000 stores in the US, including McDonald’s, BestBuy, Staples and Macy’s.

Google Pay in Europe
For now it’s unclear whether Android Pay will come to Europe, but our guess is this will happen after it gained some traction in the US. Pocket-lint has something to add to that. “While it sounds like it will be US only initially, based on the partners announced, there is hope for Europe. Visa Europe has released a statement saying it has partnered with Google and that 2015 will be the year of mobile payments.” They quote Jeremy Nicholds, who is the executive director of mobile at Visa Europe. He said: “Visa Europe is delighted at the prospect of working alongside Google to open up the Android Pay platform when it comes to European Visa cardholders.”

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