Summary Google Pay was launched in February 2018. The service was formed following the merger of Google’s existing Google Wallet and Android Pay payment brands.
The solution is accepted at millions of retail outlets globally and supports all of the major payment networks, including American Express, Mastercard, Visa, Discover (US only), Visa Electron (excluding the US), PayPal, and JCB (Japan and US only).It is supported by a host of major banks and credit unions in the US.
Users can store details of multiple debit, credit, and prepaid cards on Google Pay, which can be used to make payments at merchant outlets.
In addition to in-store payments, Google Pay allows consumers to make online payments, enabling users to shop on participating websites. In India, users can also make payments for electricity, gas, water, mobile postpaid bills, and mobile recharges using Google Pay.
In addition, users can make payments on merchant apps and withdraw cash at ATMs.Google Pay also allows users to make P2P fund transfers among friends and family members by using their mobile phone number and email address.
And users can use voice commands to make payments through Google’s virtual assistant.
The report provides information and insights into Google Pay including - - Detailed insight into its business - Comprehensive coverage of its products and services - Comparative assessment with key alternative payment solutions - Information on its performance, including its revenue model - The company’s important events and milestones
Scope - In September 2011, launched as Google Wallet, later in February 2018 rebranded as Google Pay. - Users can also make fund transfers using voice commands to Google’s virtual Google Assistant using Android and iOS devices. - In March 2018, Google rebranded Android Wear watches as Wear OS, compatible with Android and iOS devices. - In October 2019, Google Pay launched fingerprint and facial recognition security features to unlock and protect online transactions made within the Google Pay app.
Reasons to buy - Gain insights into Google Pay’s business operations and key events. - Gain insights into its product portfolio and revenue model. - Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
Our reports have been used by over 10K customers, including:
46 pages •
By Euromonitor International
• Dec 2020
The most important impact of the COVID-19 pandemic on Ukraine’s financial cards and payments industry during 2020 was a substantial decrease in transactions of value and volume across all categories as consumer spending slumped over the course of the year. As the pandemic situation unfolded, key sectors of the Ukrainian economy faced a lengthy...
61 pages •
By Euromonitor International
• Nov 2020
Financial cards and payments in Greece saw a slower performance during 2020 as the pressure that came on the incomes of many households led to reduced levels of spending. This has negative implications for overall cash and card payment transactions value and volume. Financial Cards and Payments in Greece report establishes the size...
Spain Cards and Payments - Opportunities and Risks to 2024 Summary ’Spain Cards and Payments - Opportunities and Risks to 2024’ report provides detailed analysis of market trends in Spain’s cards and payments industry. It provides values and volumes for a number of key performance indicators in the...
69 pages •
By Euromonitor International
• Nov 2020
Spain is experiencing a steep recession in 2020, having recently begun to recover strongly from the previous crisis in 2009. The severe outbreak of the Coronavirus (COVID-19) pandemic and the confinement measures taken in response have resulted in a sharp contraction of activity in the first half of the year, with the service sector being...
67 pages •
By Euromonitor International
• Nov 2020
Significant declines were seen in transactions value across all categories of financial cards and payments over the course of 2020 as the COVID-19 pandemic took its toll on commercial activity of all types across Thailand. There were two main outcomes of the COVID-19 pandemic of specific relevance for financial cards and payments. Financial...
The global hardware wallet market was valued at USD 178.20 million in 2019, and it is expected to be valued at USD 661.23 million by 2025, registering a CAGR of 26.72%, during 2020-2025. Hardware wallets are the physical devices that store private keys for cryptocurrencies offline in an encrypted device. Private keys in these wallets are required...
71 pages •
By Euromonitor International
• Oct 2020
The COVID-19 pandemic has strongly affected consumer payments in Italy, moving people away from using cash, for fear of spreading the virus, in favour of using financial cards and electronic payments. The performances of financial cards have been driven by the COVID-19 pandemic, as, during lockdown, with consumers spending much more time at...
Vietnam Cards and Payments Opportunities and Risks to 2024 Summary ’Vietnam Cards and Payments - Opportunities and Risks to 2024’ report provides detailed analysis of market trends in Vietnam’s cards and payments industry. It provides values and volumes for a number of key performance indicators...
Mobile Wallet Market Research Report by Mode of Payment (NFC Payment and Remote Payment), by Stakeholders (Content and Applications Aggregators, Handset and Other Hardware Solution Manufacturers, Mobile Network Operators, OSS/BSS Solution Providers, and Software Developers and Cloud Computing), by Application - Global Forecast to 2025...
Payment Processing Solutions Market Research Report by Type (Mobile payment security software, Online payment security software, and Point-of-Sale (PoS) systems and security), by Industry (Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, and Consumer Goods...
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.