Google Wallet Stories December 10, 2015

AAPL: 116.17

0.55

Google Wallet for iOS can now send money to any contact using just a phone number

With the rise of contactless payment systems like Apple Pay and Android Pay, the Google Wallet app has needed to reinvent itself somewhat as a peer-to-peer payment system. With the latest update, it’s become a whole lot easier to send money to your friends, family and contacts.

From today, the updated app on both iOS and Android will let you send money to anyone on your contact list, even if you don’t have their email address. You can send money to them using their phone number, and it’s secure and fast.

When you send money to a phone number, the recipient gets a text message containing a secure link. Once they click on the link, they input their debit card details to claim the money and the funds are available in their bank account within a few minutes.

Before today, you could send money to contacts, but you could only do so by using an email address.

This is just one of several new features added to Google Wallet in recent weeks. It’s clear then that the company is working hard to make it a useful app, and one that isn’t made redundant by the arrival of Android Pay, or competitor payment systems like Apple Pay, Samsung Pay or *coughs* Walmart Pay. Those improvements include:

  • Improved contact suggestions, so you see the people you send money to most often first
  • A security feature that lets you lock the Google Wallet app with the tap of a button
  • The ability to link a second bank account

You can download the latest update for iPhone from the App Store for free. Apple is rumored to be developing its own peer-to-peer payment feature for Apple Pay in 2016.

Google Wallet Stories September 21, 2015

AAPL: 113.45

-0.47

Google today has released a major update to its Wallet app on iOS, completely redesigning and repurposing it. Similar to an update released to the Android version of the app earlier this year, the update gives the app a focus on sending money between users, rather than paying for goods from merchants.

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Google Wallet Stories May 27, 2015

According to a new report from The New York Times, Apple will, as expected, announce new details and enhancements for Apple Pay at WWDC next month. The report, citing two people briefed on the product, claims that Apple plans to add a rewards program to Apple Pay.

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Google Wallet Stories December 16, 2014

Apple Pay may be leaving Google Wallet in the dust when it comes to adoption, but Google hasn’t given up yet. It’s just updated its iOS app to support Touch ID, add optimization for the iPhone 6/Plus and enable you to split bills between friends …  expand full story

Google Wallet Stories November 11, 2014

Shortly after retail chain Whole Foods announced that it had processed 150,000 Apple Pay transactions in the three weeks since the service was launched – estimated at around 1% of the company’s sales – a business author and senior Hitachi consultant has spoken about the twin attractions of Apple Pay for retailers.

Jim Maholic, author of Business Cases that Mean Business and vice president in Hitachi Consulting, said major retailers had two main reasons to favor Apple Pay over rival mobile payment service CurrentC …  expand full story

Google Wallet Stories November 5, 2014

While Apple Pay has grabbed all the attention in the mobile payment field, with the Google Wallet service launched back in 2011 having failed to make the same kind of splash, it appears that Google may be benefiting from the publicity generated by Apple. Sources cited by arsTechnica report that Google Wallet service has seen the number of users almost double, with a 50% increase in weekly transactions during the past couple of months …  expand full story

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