MOUNTAIN VIEW, Calif. (9/15/15)--Android Pay, Google’s mobile payments system, will be available at more than one million locations in the U.S. in a few days, announced Google (BBC Washington Sept. 13 and USA Today.com Sept. 11).
Android Pay, a key competitor of ApplePay, is a tap-to-pay system used with smartphones that use near-field communications (NFC) and Google’s KitKat 4.4+ operating system.
The mobile payments market is estimated at $1 trillion, said BBC Washington. Instead of passing credit and debit card details to a retailer, the Google and Apple systems generate a token so the actual data is not revealed during a transaction.
The system will allow users to store credit card details, as well as loyalty cards and other data, on their phones. Users of the Google Wallet app can upgrade their system, while new users can download it from the Google Play app store.
Among the first retailers to participate are Subway, Bloomingdale’s and Macy’s. Android Pay will be extended to mobile checkouts in some apps later this year.
Android Pay will support credit and debit cards from major card players MasterCard, Visa and American Express, and major banks such as Bank of America. Google said Citigroup and Wells Fargo also will be supporting the mobile payments system.