Google Pay (formerly Android Pay) is a mobile payment service developed by Google to power in-app, online, and in-person contactless purchases on mobile devices, enabling users to make payments with Android phones, tablets, or watches. Users can authenticate via a PIN, passcode, or biometrics such as 3D face scanning or fingerprint recognition.
Google Pay uses near-field communication (NFC) to transmit card information facilitating funds transfer to the retailer. It replaces the credit or debit card chip and PIN or magnetic stripe transaction at point-of-sale terminals by allowing the user to upload these in Google Wallet. It is similar to contactless payments already used in many countries, with the addition of two-factor authentication. The service lets Android devices wirelessly communicate with point of sale systems using a near field communication (NFC) antenna and host-based card emulation (HCE).
- Transparency – Google Pay will never sell your personal information to third parties or share your transaction history with any other Google service for targeting ads.
- Control – Google Pay has easy-to-use tools that put you in control so you can choose the privacy settings that are right for you.
- Security – Google Pay keeps your money and private information safe with built-in authentication, transaction encryption and fraud protection.
You can check more info on Google Pay and all its features from HERE.