google wallet

Google plans to launch Android Pay at its Google I/O conference in May, following its purchase of Softcard (formerly known as Isis) earlier this week, according to ArsTechnica citing anonymous sources.

The new Android Pay solution, which ArsTechnica reports will indeed be the name, is set to take on Apple Pay as a revamp to Google’s ailing Google Wallet product that’s been around since 2011.

Like Apple Pay, Android Pay will reportedly allow companies to add a mobile payments option to their app, to which users can upload credit card or debit card information, so that payments become single-tap transactions within the app. In addition, a company adopting the Android Pay API will be able to allow tap-to-pay transactions in brick-and-mortar stores.

Google announced earlier this week that along with its Softcard acquisition, it has formed a partnership with Verizon, T-Mobile, and AT&T for Google Wallet to be pre-installed on Android devices.

ArsTechinca’s sources say Google doesn’t have any partner companies at this point like Apple’s long list, and that Google Wallet will continue to exist as a separate entity and will be supported by Android Pay.

Early numbers following the Apple Pay launch in November showed it was gaining ground on Google Wallet fast.

While we’re still waiting on new numbers, ITG reported in December that Apple Pay is gaining ground quickly with a 1.7 percent share of the mobile payments market, since it launched in November, compared to Google Wallet’s 4 percent share.

The Wall Street Journal was first to report that Google plans to show a new mobile payment solution in May.

Source: ArsTechnica

  • Andrew

    what a creative name wow

    • Benedict

      same creativity like Apple: There is UnionPay, LoopPay, Paypal etc..

      • AnoNymouz

        I don’t think others notice anything if apple doesn’t do.

      • Dan

        You forget one thing, Apple can do no wrong.

  • Oh my god! Talk about copying…

    • Dan

      yeah I now right, Apple so copied Google Wallet

      • Smartest Dev

        Who uses Google Wallet xD

      • Dan

        That’s not really the point.

      • Smartest Dev

        Should be 🙁

      • Dan

        So if someone does something, and its not popular, then someone takes the idea, imitates and it catches on, it’s not copying? Give me a break :p

      • Smartest Dev

        Something is always a copy of something else. Just made better… Google Wallet was a copy of PayPal… PayPal is a copy of a bank… the list goes on. lol

      • Benedict

        more than Apple Pay

      • Smartest Dev

        lol… what a joke. Apply Pay eclipses Google Wallet within months of being released… Just read the news buddy.

      • Benedict

        “Apple Pay now accounts for 1.7 percent of the mobile payments market after its launch on October 20, still lagging behind Google Wallet’s 4 percent share of the market, according to ITG research picked up by MarketWatch.”

        – Dec 2014
        If you got the latest numbers, please share…

      • Smartest Dev

        It’s Feb 2015… Dec was only 2 months after its release xD and it snagged 1.7% … you do know that more than 500 more banks have signed up since then, and millions of transactions from consumers have happened. 😀 Apple passed Google Wallet weeks ago and it’s been out for what…? 4+ years xD

      • Benedict

        I asked for facts – not for speculations.
        One of the many lags of Apple Pay is that it only works with participating banks and credit cards. Google Wallet accepts all bank accounts, all credit and debit cards, and works with any and all banks. So don’t get fooled by alleged big numbers Apple feeds you with!

      • Smartest Dev

        No one uses Google Wallet. No one even knew of Google Wallet. Google Wallet was also limited by terminals. which were nonexistent before ApplePay. You can thank us later.

      • Benedict

        …still about 3% more than Apple Pay. You can try but …it still doesn’t change if you repeat it…

      • moofer

        im sure that’s what they copied. Look what just got replaced.

  • HeavyComponent

    You need to do whatever the competition is doing. Plus they need something for the Android users, I’m sure they would like such feature.

    • Benedict

      For the Android users there’s Google Wallet since 2011….

  • Faisal Àl ZéHrání

    Haha what a shitty name lol copycats

    • George

      Lol apple owns the dictionary lololololol, get over it.

  • Phil Randle

    This is where the openness is going to start to hurt Android. They have such a large marketshare, but that case evens out dramatically when you refer to the high end devices.

    Apple has:

    Apple Pay, that’s it, point of sale activity from iPhone 6 and 6 Plus, and In App purchasing via Apple pay from any Touch ID enabled device.

    Android will have:

    Android Pay – Google
    Samsung Loop Pay- Samsung
    HTC – Apparently working on a system of their own.

    Customers won’t know wether to go the google equivalent or the corresponding brands option. The next 5 years will be less about features and more of how everything will integrate, if Apple is smart they can dominate this space.

    • John Wickham

      Those are some awesome thoughts, I definitely agree with you.

    • Rowan09

      I agree. Fans are company brand fans instead of specifically Android fans. A Samsung fan will go Samsung, etc so they will most likely use Samsung’s Lopp Pay instead.

    • Kaptivator

      good talking points

    • Most customers would just go with the one that comes with their phone, like any Apple customer. The difference will just be that the Android users would have a wider variety of choices…so far, UGO wallet by PC Financial (you probably never heard of them) is the choice for my OnePlus One.

      • Smartest Dev

        Please sell your OnePlus. Never support a crap company. Thank you.

      • Crap? Not any crapper than Apple’s overpriced stuff. Would rather support those that give the biggest bang for my buck. In the case of SmartPhones, it’s OnePlus’ One, in the case of Laptops, Tablets and Desktops, it’s Microsoft’s Surface Pro. So, thanks but no thanks.

      • Smartest Dev

        No idea what you’re talking about… the OnePlus is worse than a Nokia Windows phone… Do yourself a favor and sell that unstable device.

      • No idea how you came to that conclusion. My OnePlus One has been stable since I got it 4 months ago, stable enough to not have apps crashing when I want to multitask with them, browser tabs constantly refreshing, etc. like I had on my iPhone 4s. Do yourself a favour and sell that overpriced and over-restricted iPhone…

      • Smartest Dev

        I came to that conclusion about 2 weeks after I purchased the OnePlus One… HUGE mistake. I was not the only one…

      • Funny, haven’t come to that conclusion having had it for 4+ months, and neither am I alone.

      • Smartest Dev

        Well then. Maybe you’re a lucky one.

    • Benedict

      I disagree because they will use the service which is support by their favorite SHOP – and not the phone brand. If they go next time to the supermarket which supports Apple Pay and Google Pay but not Samsung’s variant, they will use Google Pay. The advantage here is they have the choice and the option to switch.

    • Benedict

      Apple might have more acceptance with Apple Pay right now but their problem is that only the Iphone 6 models support NFC payment with touch ID – these are the smallest part of iphones out there. Android Pay can rely on a massive install base of Android devices.

      • coLin

        Dude, you disagree with everybody. Get a job! jk

      • Benedict

        I disagree with that… 🙂

      • Victor

        Don’t forget the apple watch, which will enable iphone 5 & 5s users to pay with apple pay

  • Oh my, they copied the naming format, how dear they copy a copycat (http://bit. ly/1si5DVX)…

  • singhay559

    Idc who what where when why how. Stiil not storing my cc info. Too many dam smart hackers out there

    • Smartest Dev

      Your CC info is already stored in your bank and on your Credit Card… Hackers have already proven they can hack both with ease… just ask the guys who just stole $1 billion from over 100 banks over the course of two years… and still haven’t been caught… you’ll never be safe… At least with Apple Pay they use VCC instead of your real CC. Don’t be anti-tech man. Worried about safety, you’re never safe.

  • Cesar D

    haha fegs lol

  • Dante Arellano

    Sooooo cooollll now i going to buy an adroide phone yea ha ha ha hell no fuckk androide

  • moofer

    Differentiation through innovation. Congrats Google! So this is what it looks like on the outside when you have your *ss handed to you. Quick! Buy someone, change the name, and shove it out there ASAP!