The role of the Google Pay payment tool in business automation

Nowadays, it is unlikely to be able to imagine everyday life without electronics and a mobile device. Innovation is needed everywhere, including the field of financial settlements. One of the popular products is considered the Google Pay platform. Functionality is popular in different countries. Banks are happy to promote the platform among their customers. In this article, we introduce you to the features of transactions and the specifics of the platform.

Previously, the service was called Android Pay. In January 2018, the company unified payment methods under one name. Then came the payment system Google Pay. The new brand is associated with transactions with smartphones that are carried out in stores using the application. In the future, payments between users are planned. This functionality is promised to be presented later.

What is Google Pay?

This is a mobile payment service developed by an American IT company. The functionality is based on the application of the same name. Before using the Google Pay payment system, it lays loyalty cards and regular ones. The platform is based on HCE technology. The application is optimized for contactless payments. The latter are committed using a telephone or other device.

Contactless payment service is available in different banks of the country. Thanks to the introduction of the product, people using their phone or watch with Wear OS pay for purchases at points of sale. This is possible if the cash desks are equipped with a terminal that accepts contactless payments. There are many of them in large cities of the country. Among the functional advantages are the following:

1. Mobility. You pay in separate mobile add-ons. They are set up before paying via Google Pay. The program works with phones and other devices.
2. Comfort The client does not need a wallet or card. All you need is a phone with an application.
3. Bonuses and promotions. Cashback is available in selected stores. The store’s customer only needs to enter the Google Pay promotional code.
4. There is no hidden commission. Using an application such as Google Pay is free.

Smartphone requirements for installing the application

Google does not provide a list of supported devices. Before buying a smart watch and using it for payment, check if the importer or the store has a payment instrument. The model of interest should update the Wear OS software and be equipped with NFC. Google Pay is available to the client if:

• he has a smartphone with Android 4.4 or higher, equipped with NFC (Near Field Communication) technology. The latter is needed to transmit information to 20 cm;
• a person uses a smart watch with Wear OS (formerly Android Wear) equipped with NFC technology.

Is NFC necessary for the application to work?

Google Pay payment service is based on technology known as NFC. These two tools compete. The difference between the platforms is the need to receive a physically issued payment card. If the customer uses regular HCE payments, the bank will issue an additional virtual debit or credit card. In this case, you do not need to order traditional plastic. Without NFC, downloading the Google Pay app will fail.

Google Pay specifics

The platform differs from the traditional NFC in the following: in the first case, they install a special add-on, in the second they download software for their bank from the application store. The first option provides confirmation of payment by fingerprint. The built-in NFC-module is in the following devices: smartphones, terminals, smart watches, fitness bracelets, cameras. It is needed for contactless operations.

The work of the payment tool on a smartphone or smartwatch requires the use of a screen lock. For smartphones, this is a PIN, pattern, password, or fingerprint. For smart watches, a pattern or PIN. The installer will be able to download and update on the official page of the developer. Google Pay does not work on the following devices:

• with Android OS below 4.4;
• custom firmware on the phone or tablet;
• bootloader unlocked;
• no license from Google;
• Active root rights on the device.

The system does not process or authorize transactions. This is a card marking tool. It transfers the token along with other customer information to the payment network. Transactions are safer than regular bank transfers.

Conclusion

Rapid innovation - the foundation for improved comfort. The need for business automation and globalization of trade has led to the development of more and more new products. Google Pay is one of those who have good prospects. The platform is being implemented in more than 20 countries around the world and has a multilingual interface.