Google’s Sundar Pichai confirmed that Android Pay is a real thing. Not only that, but he confirmed that its existence is meant to challenge Apple Pay, which has gained a lot of traction over the course of the last several months. At this point, it has even gained the approval of the United States federal government. However, that doesn’t mean that Android Pay can’t make a significant dent in the market. Rather, Pichai has made a statement that Android Pay will work to do it, “In a way in which anybody else can build a payments service on top of Android. So, in places like China and Africa we hope that people will use Android Pay to build innovative services.”
He didn’t go into great detail with regards to Android Pay, but the notion that this is a mobile payments system that will combine NFC, as well as biometrics – while allowing developers to create payment solutions over the top of it – the same way Android was initially intended to function – is really impressive. Now, that being said, questions around the functionality, and how much of this will become reality is ultimately what have many intrigued consumers wondering.
It’s also worth noting that this could potentially exist in a market directly alongside Apple Pay while functioning just fine on its own, if it’s truly intended to be more beneficial for developers who need specific types of payment systems – tailored to their individual needs – rather than a broad reaching payment system like Apple Pay. Interestingly though, Google Wallet, according to Pichai will continue functioning on its own.
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With no plans to remove it, it would be an interesting point to see where Google goes with both programs once they are both operational. However, there is still a good chunk of time before Android Pay becomes a physical reality. While Pichai has confirmed its existence, that doesn’t mean that there is going to be a finished product on anyone’s device in the near future.