Google made the announcement yesterday, but the news washed over the tech world slowly throughout the day today that the company was going to be discontinuing a portion of its Wallet business. However, the portion of the business that the company is shuttering is not exactly the most-impactful portion.
The portion of the Wallet system that the company discontinued was the part that allowed developers to sell games, and services to users within Google+ Games on March 2, 2015. Most people did not even know what that was, so when the news broke that Google was shuttering a portion of its service it was initially perceived as a shot at the overall Wallet system.
That though just isn’t the case. This portion of the Google Wallet system was actually designed to cater to that Google+ Games service, which it shut down a year after this product was introduced. As it turns out, users did not have a massive use for the Wallet function in this regard, so Google tidily, and quietly pulled the plug on the service.
This won’t impact how you buy things in physical stores with Google Wallet, nor will it have an impact on how users buy things online in the Google Play Store, or online – for the venders who accept Google Wallet as a payment method. This is ultimately a move of discontinuing something that was widely useless for the average person, and discontinuing something that has no impact on the crucial operation that competes with PayPal or Apple Pay.
This particular service launched in 2012 and very rarely found itself in the spotlight, mainly because it had a very narrow field of users. The service will actually go inactive on March 2nd of 2015, so that will give those who do use the service a few months to figure out an alternative – that could be either PayPal or Stripe. The company did say though that some content providers, like magazines, might be impacted by the move – so for those who rely on Google Wallet for recurring subscriptions, a different method should be devised before the service goes inactive, or the payments will simply stop being made.
Source: Google Support