The system is designed in such a way that it sends one-time security code instead of the card or any other relevant details of the user. Instead, it will generate a virtual account number which represents the user’s account information and this kind of service keeps the customer payments information secure, private. Whenever the user makes a payment at a store, the app does not send the debit or credit card number with the payment. On those devices, which do not have fingerprint ID, the Google Pay app is activated using a passcode. Most of the times the Google Pay takes advantage of the Physical authentications including that of a fingerprint ID if it is available.
The service allows Android-based devices to wirelessly communicate with the Point of Sale (POS) systems using an NFC antenna, Android’s security and host-based card emulation. The app works on two-factor authentication. The app is similar to the contactless payments which are already existing in many countries worldwide. It has replaced the use of debit or credit card and PIN or magnetic stripe transaction at the Point of Sale (POS) terminals, as it allows its users to upload their Google Pay wallet. Starting from May 2018, the Google App has added support for event tickets and boarding passes.
The unique feature of this service is it allows its users to make use of the payment cards they have on file using Google Play. The rebranded service provides a new API which allows the merchants to add payment services to websites, apps, Braintree, Google Assistant. Google Pay has adopted the features of both Android Pay and Google Wallet using its in-store, peer to peer and online payments services. Tez was a mobile service payment launched by Google in India, but later it was renamed as the Google Pay app from August 28, 2018. At the time of its launch, the service was compatible with 70% of Android devices and was accepted at around 700,000 merchants.īeginning from January 8, 2018, the Android Pay and Google Wallet have been unified into a single payment system under Google’s new Unified Payments Services. It used the technology from Softcard whose intellectual property was acquired by Google in February 2015. Android Pay was a successor to and was built on the base established by Google Wallet which was released in the year 2011. Previously launched as Android Pay, the service was released at Google I/O in 2015. The app helps the users to make payments with tablets or watches or with Android-based phones. Google Pay is an online payments system and a digital wallet developed by Google to power in-app and make purchases using a mobile device.
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