Google has announced that it is merging Android Pay and Google Wallet into a new brand name, Google Pay. Sounds familiar? Well, it has now been a common naming convention in the industry — especially in the payment space.
After Google launched Wallet in 2011, the service once supported NFC payments for goods and services. However, the company later launched Android Pay in 2015 for online and real-world payments, making Google Wallet a person-to-person payment system. All that now has changed to Google Pay.
For current Android Pay and Google Wallet users, it is just a change of name and logo. Google says it will be easier to use payment information saved to Google Account, speeding up the entire checkout with peace of mind. Plus, the new Google Pay logo will be visible online, in-store, and across Google products in the coming weeks. In fact, Google Pay is already available on Airbnb, Dice, Fandango, HungryHouse, and Instacart. The company is also offering promotional offers to the users.