Android Pay, the mobile payment system developed and released by Google, can now be used by Android users to facilitate peer to peer (P2P) money transfers from one country to another. This is made possible through WorldRemit, which revealed recently that it will now allow customers to send money internationally via Google’s contactless mode of payment.
Apple introduced a new major update to its mobile payment system during this week’s Worldwide Developers Conference (WWDC). The tech giant showcased a new peer to peer payment system, which basically lets iOS mobile users send and also receive cash right within the tech giant’s own iMessage app. People can then facilitate and validate payments by way of the iPhone maker’s Touch ID fingerprint scanner technology.
With industry leaders Samsung and Apple fully busy with trying to convince their customers to use their respective brands of contactless modes of payment, another tech giant is looking to join in on the fun.
Google recently took the opportunity to announce new partnership deals its Android Pay service had struck with a number of banking institutions from across the globe. The deal involves having these partner banks integrate the tech giant’s mobile payment system into their respective mobile apps. The banks include Bank of America, USAA, Bank of New Zealand, and mBank.
Apple’s mobile payment system continues to expand its list of banking institution and credit union partners by adding more than 20 new names in the United States and a couple more in Russia. The tech giant has been busy with Apple Pay in the last three months -- weeks ago it had debuted the contactless mode of payment in Taiwan as well as in Ireland, which increases the number of countries with support for Apple Pay to a total of 15.
Google has officially pulled the plug on its Hands Free mobile payment program, a scheme that basically allows Android users to pay wirelessly without ever having to worry about pulling out a card or even a handset. This project ran only in the South Bay area of the city of San Francisco in California. It worked by first recognizing if a user is inside a participating business establishment by way of his mobile device’s location services.
Injong Rhee, the vice president of Samsung, is happy to reveal that the South Korean tech giant’s own mobile payment system, Samsung Pay, has been used in about a hundred million transactions in its first twelve months.
It appears that it might already be possible for iOS mobile users who have access to the cardless automated teller machines (ATMs) that Bank of America rolled out earlier in 2016 to withdraw money from said machines by way of the Apple Pay contactless mode of payment installed in their iPhone devices.
Samsung's mobile payment service, aptly named Samsung Pay, has finally hit the European market. Earlier today, the South Korean firm launched its mobile payment platform in Spain, hitting a milestone as the first national rollout in Europe. Prior to this launch, Samsung Pay was only available in South Korea, the United States, and more recently in China.
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