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.