After Apple and Samsung announced their own mobile payment system, Google is betting big on mobile payments and has introduced something called Android Pay. Google executive Sundar Pichai confirmed this news, and said that they weren’t actually building a mobile payment app, but an API layer, that will allow other companies to build their customized mobile payments system on top of Android.
Pichai did not go into details, but confirmed that Android Pay will support NFC, and eventually support biometrics devices such as fingerprint scanners as well. “We are doing it in a way so that anybody else can build a payments service on top of Android,” Pichai said during his keynote session at MWC 2015, The Guardian reports. “In places like China and Africa, we hope that people will use Android Pay to build innovative services.”
Android Pay will store credit card information of users locally so that payments can be made even without Internet. It will make use of tokenized card numbers, which means that a one-time credit card number will be generated for each transaction in order to prevent fraudulence.
Pichai said that Google Wallet will remain as a separate service, but will look to integrate Android Pay in its app somehow. He refrained from giving any more details, but said that the company will work with Samsung to see if Android Pay can be integrated into its newly launched Samsung Pay for elevating user experience.
Just two days ago, Samsung launched Samsung Pay – its direct answer to Apple Pay.