Google will launch a new API in May that will power in-store and in-app payments for third-party apps.
An Ars Technica source said on Wednesday that the tech company’s new payments API will allow companies to add a mobile payments option to their existing app, meaning that their users can make one tap payments within the app after uploading credit or debit card details. Android Pay will also allow companies to allow tap-to-pay transactions using Google’s Host Card Emulation and Android NFC chips.
Unlike the existing Google Wallet, the new service will be “built from the ground up” for developers, the report said. Google Wallet will continue to function as a separate entity but will be supported by Android Pay, so that users will be able to link their digital wallet to third-party apps if they like.
Google also announced the purchase of Softcard earlier this week, a mobile wallet formerly backed by AT&T, Verizon and T-Mobile. Google Wallet will now be automatically installed on Android phones from these carriers.
The Android Pay API will be launched at Google’s I/O conference in May.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Lloyds has launched biometric finger print authentication for mobile banking.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.
Digital challenger bank, N26, which has been live for one and a half years and has more than 200,000 customers, rolled out a new feature that allows its customers to transfer money using Siri. All they have to do is talk to it.