Google has completely redesigned its mobile wallet application for iPhone users, transforming it into a peer-to-peer payments service which enables consumers to manage transactions between friends and family.
Keeping up with the competition
On September 10th Android Pay, Google’s answer to Apple Pay, was released across the United States. This move made Google Wallet, an application with an emphasis on retail mobile payments somewhat redundant. The smartphone tool then shifted its focus towards P2P services.
Google Wallet’s revamped application was released to Android users on the same day that Android Pay was launched, and now it’s made its way over to iPhone users.
The California-based tech giants are looking to reposition themselves within the mobile wallet space, in order to compete with the likes of Square Cash, Facebook and PayPal, which has launched its new Pay.me service.
The app has been refurbished to help customers send money between themsleves, citing the sometimes awkward process of splitting a food bill as a prime example. Money can be transferred from a debit card, bank account, or existing Wallet balance.
There have been a number of changes made to the iOS version, including a new interface that google claims will make it ‘‘easy to send money to anyone in the US with an email address.’’ Users will be able to easily view their balance and see where they spent their money.
You can cash out to your bank account, or spend the money you receive using Google wallet card, which can be used at retailers, ATMs, banks, and wherever MasterCard debit cards are accepted in the US. No additional fees are charged when using the card.
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