[dropcap] G [/dropcap]oogle Android Pay now a new rival in town to the likes of Apple Pay, Samsung’s Pay. This is a new bee in town that will look to revolutionalize online transactions and how they are tracked.
Google has began rolling out Android Pay a faster, simple and secure way of paying for your bills that will be available on all phones running on Android OS. Android Pay will be able to store one’s gift cards, loyalty cards and special offers just on their phone.
According to Official Android Blog they say and I quote “We will continue to add even more features, banks and store locations in the coming months, making it even easier to pay with your Android phone.”
Android Pay will only work on all NFC-enabled Android devices (running KitKat 4.4+), on any mobile carrier, at every tap and pay ready location across the US. Android Pay will soon offer support for both credit and debit cards from the four major payment networks including the American Express, Discover, MasterCard and Visa.
Android Pay’s Security
Anything that deals with transactions and money is a must that it be secure and that customers personal informationis safe. Android Pay is supported by industry standard tokenization. This means your real credit or debit card number isn’t sent with your payment. Instead, a virtual account number that provides an extra layer of security is used.
Incase you lose your phone, Android Device Manager comes in to help you instantly lock your device from anywhere, secure it with a new password, or even wipe it clean of your personal information so that no one goes beyond boarders to use your personal information.
This now comes in handy to be the other key feature that needs and should be given much priority wehen it comes to money issues.