During Google I/O 2022 on Wednesday, the tech giant announced the release of: an online wallet for your payment cards, boarding passes and more. Sound familiar? Well, yes, because Google Wallet has been around for over a decade in various iterations.
Does Google Wallet replace credit cards, you can use in this new edition of Google Wallet.? Will Google Pay still be there? And what is the difference between them? Here’s everything you need to know about Google Wallet’s history, what it means for your contactless payments, and what kind of information, besides
This isn’t the first time Google Wallet has popped up.
as an initial mobile payment service application, allowing Android users to use their supported phones against readers in certain stores to make payments.
This first iteration of Google Wallet was very restrictive. This only worked on the Nexus phone and required users to create a Citi MasterCard account or obtain a Google prepaid card to make payments. It was a pain to use, requiring you to open the app and enter a PIN to access your maps. About four years later, Google Wallet was replaced by Android Pay.
Android Pay has finally replaced Google Wallet
replacing Google Wallet. The new service allowed Android users to make contactless payments through their phones, which was exactly what Google Wallet did. So why create Android Pay?
In short: It was easier to use. Unlike Google Wallet, Android Pay didn’t require you to download an additional app because it was built-in, so all you had to do was unlock your phone and hold it up to a terminal to make a payment.
It also came after the 2014 debut of Apple Pay and contactless payments on the iPhone 6, which may have provided even more reason for Google to promote that Android phones already had the ability to touch to pay.
And then Google Wallet tried to become PayPal
Although Android Pay replaced Google Wallet for contactless payments, the latter brand continued to exist asto PayPal, Venmo and Cash App. All you had to do to send money to friends and family was enter a linked email address or phone number.
If you were the one receiving the money, you could withdraw the money directly to your bank account, or you could use a Google Wallet card to make in-store payments or withdraw cash from an ATM. The Google Wallet card was eventually discontinued; Google Wallet has been merged with Android Pay.
Google Wallet + Android Pay = Google Pay
In 2018, Google announced a merger between Google Wallet and Android Pay,. This service is probably the one you’re most familiar with if you regularly use an Android phone for contactless purchases. Google Pay has taken over the functionality of both services: in-store contactless payments and online peer-to-peer payments in a single application.
Google Pay eventually took over as the primary “wallet” for Android users, becoming a hub for flight passes, transit cards, event tickets, music subscriptions, and more. gym, gift cards and more. It also replaced Chrome’s autofill feature, allowing Android users to use Google Pay for online purchases.
There was also something called Google Pay Send
Although Google Wallet and Android Pay merged, it took a few months for the peer-to-peer payment features to transfer to Google Pay. Google has therefore redesigned Google Wallet in Google Pay Send to send and receive payments online.
Google discontinued Google Pay Send in 2020 as the online payment functionality eventually moved to Google Pay.
Google Pay was later discontinued and reimagined
Google had been testing a revamped version of Google Pay in India, known as. This new version of Google Pay offered several new features, such as in-app messaging, personalized offers, transaction history, receipt scanning and more. It also started charging small percentages for debit card transfers.
Eventually, this version of Google Pay appeared as a new app in the Google Play Store, while the older version of Google Pay also remained. In April 2021, Google discontinued the old version of Google Pay in the United States.
And now Google Wallet is back
During the Google I/O 2022 conference,for Android and Wear OS, which, much like Google Pay, lets you store debit and credit cards, flight passes, event tickets, vaccination cards and, more recently, digital IDs and driver’s license.
If I’m in the United States, which service should I use?
Google Wallet will completely replace Google Pay, via an update, in 39 countries, including Mexico, Japan, Australia, Hong Kong and France.
If you’re in the US or Singapore, Google Wallet will become the primary payment service and Android wallet where you’ll store your hotel keys, driver’s license, boarding passes and more, as well as make contactless payments. Google Pay will remain, but only as a service for sending payments to friends and family.
And finally, users in India will not receive the Google Wallet update and will continue to use Google Pay as their daily digital wallet.