Google pay will be used through Android devices with near-field communication (NFC) technology on Google's KitKat 4.4+ operating system. Apple's Apple Pay will be competing with Android Pay in the mobile payments market, which research firm IDC estimates at $1 trillion in 2017.
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You can use Android Pay at over one million locations (and counting…) across the US, everywhere tap and pay payments are accepted, including:
All existing users of Google Wallet app can access Android Pay through an update, while new users can download it from Google Play store in the next few days. Also on the wall street, Google's shares rose 1.4% to $652.74 in afternoon trading.
According to Google the payment service could be used at stores operated by companies including Aeropostale, Macy's, GameStop and Staples. "Android Pay will be made available in more locations over the next few days and more features will be added to it in the coming months" Google said in a blog post.
Top credit and debit cards payment networks such as American Express, Discover Financial Services, MasterCard and Visa and cards issued by banks such as Bank of America and US Bank will support Android Pay, among others.