tech2 News StaffFeb 27, 2015 10:25:18 IST
It is known that Google is working on its Apple Pay rival called the Android Pay. Now, sources related to the matter have told ArsTechnica that Google will be launching the new payments API at the I/O to be held in May.
Unlike Google Wallet, the Android Pay API will be built from scratch using Google’s Host Card Emulation (HCE). With Android Pay, Google will let people add mobile payments option to their app. It will allow them to upload credit card or debit card information, allowing single-tap transactions within the app.
"A company adopting the Android Pay API will be able to allow tap-to-pay transactions in brick-and-mortar stores. This function will rely on Google’s Host Card Emulation (HCE), which makes it easier for third-party apps to take advantage of Android phones’ Near Field Communications (NFC) chips," adds the report.
For Android Pay, Google doesn't have any partner company yet, says the report. It also adds that Google Wallet will exist as a separate entity and be supported by Android Pay. "It will be easy, if not automatic, for a customer to link his or her Google Wallet account to third-party apps that are running Android Pay," according to the report. Recently, Google teamed up with three major US wireless carriers to prod more people into using its mobile wallet.
A previous report said Android Pay will work in a similar fashion as Apple Pay, using Near Field Communication (NFC) and fingerprint scanners. The only difference is that the service will work only on Android devices.
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