Android Pay is coming to the UK for the first time in the next few months, in a move that will galvanise the still nascent mobile wallet space in the region. Many of the UK’s banks are already on board, with Halifax, Lloyds, First Direct, Bank of Scotland, Nationwide, M&S Bank and MBNA already signed up for the launch.
Customers at participating banks will be able to make payments using their phones anywhere that accepts contactless payments. On the retail side, high-profile high street names are jumping on board with supermarkets and food-related businesses leading the way from baker-come-sausage roll empire Greggs and KFC to Pret, Costa, Starbucks and Waitrose to Aldi. Customers can also pay in apps using the service, with the likes of HotelTonight, Deliveroo and Kickstarter also on board.
Transport for London (TFL), which already supports Apple Pay and is playing an important role in driving contactless payments on public transport will also support Android Pay.
The key to traction is ubiquity and Google needs developers to be building Android Pay into apps to help drive adoption across the mobile web. To that end it’s teamed up with payments platforms, processors and providers in the US and UK ranging from Adyen and Braintree to Klarna, Stripe, WorldPay and First Data.
The firm says Android Pay is growing “steadily” in the US, with 1.5m new registrations per month – though it doesn’t offer any insight into how many people are actually using it.
The announcement means that Samsung’s own mobile payments service, Samsung Pay, will be the last of the big three tech companies to make its way to Britain’s shores. The South Korean electronics giant revealed earlier in the year that it will start expanding on a global scale beginning with China in March, followed by Australia, Brazil, Singapore, Spain and the U.K. later in the year. Additionally, Canada will be added to the new launch roadmap.
Daniel Smith, Director of Relationship Management, Basset and Gold interview: “Consumer demand for new and innovative forms of finance is soaring”
Basset and Gold has announced the launch of its new Innovative Finance ISA (IFISA).
Anthony Walton, CEO of Iliad Solutions explores the latest developments and challenges with APIs.
Visa has announced it will be launching a new wearable payment device.
TransferWise has announced a partnership with Starling bank to provide easier international money transfers.