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Google pushes into mobile remuneration with Android Pay launch in US

Google Inc said it would hurl out Android Pay, a one-touch remuneration app on Android devices, in some-more than 1 million locations in a United States on Thursday.

The remuneration use can be used by Android inclination with near-field communication (NFC) record and Google’s KitKat 4.4+ handling system.

Android Pay will contest with Apple Inc’s Apple Pay in a mobile payments market, that investigate organisation IDC estimates during $1 trillion in 2017.

Existing users of Google Wallet app can entrance Android Pay by an update, while new users can download it from Google Play store in a subsequent few days.

Google’s shares rose 1.4 percent to $652.74 in afternoon trading. The association pronounced a remuneration use could be used during stores operated by companies including Aeropostale Inc, Macy’s Inc, GameStop Corp and Staples Inc.

Android Pay will be done accessible in some-more locations over a subsequent few days and some-more facilities will be combined to it in a entrance months, Google pronounced in a blog post.

Android Pay will support credit and withdraw cards on remuneration networks of American Express Co, Discover Financial Services, MasterCard Inc and Visa Inc and cards released by banks such as Bank of America and U.S. Bank, among others.

Google pronounced Citigroup Inc and Wells Fargo Co would also be combined to a list in a subsequent few days. As partial of security, a use is upheld by a attention customary “tokenisation” card-security service.

Tokenisation use substitutes pointless numbers for a user’s credit label sum when a businessman transmits transaction data, shortening a risk of online theft.

The app will come preinstalled on new NFC-enabled phones from wireless carriers ATT Inc, T-Mobile US Inc and Verizon Communications Inc.

Reuters

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Article source: http://tech.firstpost.com/news-analysis/google-pushes-into-mobile-payment-with-android-pay-launch-in-us-281163.html

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