Google Pay vs Google Wallet
Features | Google Pay | Google Wallet |
---|---|---|
Primary Purpose | Google Pay was primarily a platform for making payments to businesses as well as individuals | Google Wallet is a digital wallet that serves as a secure repository for various credentials |
Compatibility | Google Pay is built into Android devices and is also available on iOS. | Google Wallet is available on Android devices. The iPhone doesn’t allow non-Apple apps for tap-to-pay |
Transaction Fees | Google Pay does not charge transaction fees | Google Wallet charges a 2.9% transaction fee every time it takes money from your credit, debit, or bank account |
Versatility | Google Pay allows you to add credit and debit cards | Google Wallet allows you to add credit cards, debit cards, loyalty cards, transportation passes, event tickets, vaccine cards, and gift cards |
Security | Google Pay uses tokenization to secure transactions | Google Wallet also uses tokenization to secure transactions |
Google Pay Vanishes in the US: What’s Next Will Shock You!
In a surprising turn of events, Google has announced the discontinuation of its standalone Google Pay app in the United States. The tech giant has set the date for this major change as June 4, 2024. Read on to understand the reasons behind this change and how you can prepare for a smooth transition.
Key Points:
- Google Pay app to shut down in the US on June 4, 2024.
- Users are urged to switch to Google Wallet for contactless payments.
- The move aims to streamline payment options and consolidate functionalities.
- Google Pay will continue operating in other countries like India and Singapore.