Search giant Google is merging its online payments service Checkout into its broader Wallet product, which focuses on the expanding mobile payments space. Current Checkout users will be automatically transitioned to Wallet when they next log in to the service, with Google working with retailers over the coming months to update logos and web functionality.
“Shoppers using Google Wallet will be able to make purchases seamlessly on merchant sites that accept Google Checkout,” writes product manager Ben Lee in an official blog post. He also announces that MasterCards issued by Citigroup and registered with the Google Wallet mobile app will now be available to use online, with users only needing to enter a username and password to make purchases.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
