How are Google Wallet and Google Pay different from each other, click to know details here

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Tech Desk. Earlier this month Google at its I/O 2022 announced the launch of Google Wallet as a means of storing student IDs, transit tickets, vaccine cards, credit cards, debit cards. Google said in its annual event that Google Wallet will also be available on Wear OS. Additionally, the company announced that Wallet users will be able to check the balance of transit passes and top up in Google Maps.

Interestingly, this announcement comes after Google is already offering a payment platform called Google Pay or GPay for users across the world. This has led to confusion among users, many of whom are wondering whether Google has rebranded Google Pay as Google Wallet, as was the case with Google Pay when it was faster, or whether Google Wallet was a new one. Separate service. So let us know what is the difference between Google Wallet and Google Pay.

Google Wallet is not new

Let us tell you that Wallet is not new at all. Google first launched Google Wallet in 2011. At the time, it allowed Android users to tap their phones at select stores to pay digitally. However, it had an important limitation. It only worked with Google’s Nexus smartphones. Additionally, it only supports credit and debit cards from Citi, MasterCard, FirstData and Sprint for making payments.

Announcing Google Wallet in 2011, Google said that users would be able to store their credit cards, offers, loyalty cards and gift cards in the wallet. The company wrote in a blog post at the time and explained that when you tap to pay, your phone will automatically redeem the offer and earn loyalty points for you. It was hoped that someday, users would be able to “store things like boarding passes, tickets, IDs and keys in Google Wallet.”

Google Wallet turns into Android Pay

Four years later at Google I/O 2015, the company replaced Google Wallet with Android Pay. Android Pay was originally an evolution of Google Wallet as it provided payments across all Android devices. It was also easy to use as it did not require users to download a separate app. However, instead of eliminating Google Wallet, the company has converted it into a peer-to-peer payment service.

Google Wallet and Android Pay become Google Pay

In 2018, Google merged Android Pay and Google Wallet into a single app called Google Pay. Google Pay not only offered in-store contactless payments, but it also offered peer-to-peer payments and online payments. Google Pay took over the role of Google Wallet for holding event tickets, transit cards and gift cards. It also replaced Chrome’s autofill feature, allowing Android users to use one service for all their digital payments and digital IDs and cards.

Google Pay Send becomes Google Wallet

In 2018, the old Google Wallet app was rebranded as Google Pay Send for sending and receiving payments online, before Android Pay and Google Wallet were added to Google Pay. These apps were discontinued in 2020 except for the Google Pay app. While Google was working on improving Google Pay, it launched a digital payments app called Tez in India in 2018. Tez was intended to facilitate peer-to-peer payments using India’s Unified Payments Interface (UPI). Over time, the service also came with features that enable users to pay utility bills and earn reward points, among other things.

Google rebranded Tez as Google Pay and rebranded it to the app with the nickname ‘GPay’. It also introduced this service to other parts of the world. In India, the company continues to offer GPay, which we are using now. However, in other markets, i.e. the US and Singapore, the company introduced two different apps which include the old Google Pay and the new GPay.

Google Wallet back in 2022

Now in 2022, the company has launched Google Wallet. In this, users can do everything that they did with Google Pay. Google says that Google Wallet will notify you of delays and gate changes when you are about to board a flight. When you go to a concert, you’ll receive a notification in advance on your phone, reminding you of your saved tickets. Wallet also works with other Google apps. Also, even if you lose your credit or debit card and you are waiting for replacement, you can still use that card with Google Wallet as it has a virtual number linked to it. Google Wallet will be available in 40 countries where Google Pay is available, where it will automatically replace the service. The countries in this list are Australia, Estonia, Japan (coming soon), Slovakia, Austria, Finland, Kazakhstan, Spain, Belgium, France, Latvia, Sweden, Brazil, Germany, Lithuania, Switzerland, Bulgaria, Greece, Netherlands, Taiwan, Canada, Hong Kong, New Zealand, Ukraine, Chile, Hungary, Norway, the United Arab Emirates, Croatia, Ireland, Poland, the United Kingdom, the Czech Republic, Israel, Portugal, Denmark, Italy and Romania.

Google Pay and Google Wallet are different

Google has confirmed that Google Wallet will not be coming to India, where GPay’s default offering will remain. However, in Singapore and the US, Google will offer both these apps i.e. GPay and Google Wallet. The company said that we will continue to develop this app as a companion app where you can do more payment-focused things like send and receive money from friends or businesses, find offers from your favorite retailers or make your own transactions. to manage