Google Wallet for iOS makes it easier to send money to your friends
Google has revamped its Wallet app on the iPhone. The new iOS app will now support peer-to-peer payments, making it "easy to send money to anyone in the US with an email address," according to Google.The Android version of the app got similar features earlier this month , repositioning Google Wallet as a competitor to services like Square Cash and Venmo.
According to Google's description of the new app, users can cash out any money they have in their wallet balance by using a debit card or linked bank account. It can also be used as a way of splitting bills amongst friends. You can no longer use gift cards or loyalty programs with the new app, however.
In May, Google announced Android Pay , a mobile payment service built around near field communication (NFC). It exists alongside Google Wallet, and launched earlier this month .
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Google Wallet for iOS makes it easier to send money to your friends
by Hyunhu Jang
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Does anyone actually use these services? For several years,now, we've seen more and more "payment platforms" appearing on tech sites... but does anyone actually use them?
I'm sure I never will Bob but I bet they will become popular in a relatively short time.
Back in the early 80's Itraveled extensively for work. The company made sure that our pay checks were delivered to us, where ever we might be, but it was up to us to get them deposited and to always have enough of our own cash on hand to cover any of our business and traveling needs.
Didn't know I needed them, but daaam!, things like direct deposit and debit cards become a big life changer, as they came more and more onto the scene and we learned to trust and use them.
I can't imagine not having a credit card... so I suppose we'll find something even better. I'm just not sure that it will be an app on my smartphone.
I use ApplePay when a vendor has it available in their store. You pay from your phone, without having to swipe your card.
I don't think you can make transferring money between personal parties much simpler than Paypal. All you need is an email address.
With regard to security, you want to use the most secure means of money transfer that is possible. Swiping your card creates a vulnerability. So using ApplePay is more secure, because your cards stay in your pocket. With Paypal, your email is first line of defense, followed by the various passwords needed to access the account. Have emails been hacked? Sure, they have. But there are more hurdles to get into a Paypal account.
How often is that? I think Android Pay is kinda the same. I'll load it on my phone if it's going to be useful, but if I only participating stores are rare, it's not worth it.
Thanks for the info.
Just give them cash that way the government can't track it.
All of the larger food markets and big box stores seem to have ApplePay.
Also, the stored value apps are great. I have one for Dunkin Donuts. I only have to load it about once a month. There are deals on the app, and as you said, you just need to load it, and off you go.
Sounds good... We're going to visit our son's family in Connecticut for a while, starting tomorrow. I'll take a closer look.
Thanks.