Pali Bhat, VP of Product Management for Payments at Google, announced on Monday that the search giant is bringing together all of the different ways to pay with Google into a single brand known as Google Pay. "We look forward to working with Google as they grow this exciting new payment platform".
Google Pay will work just like Android Pay in stores, and you will start seeing "Buy with Google Pay" or "Pay with Google Pay" buttons on sites that start supporting Google's new payment platform. At the core, Google Pay is simply a combination of Android Pay and Google Wallet.
If you use Google's products, there's a good chance the company already has a copy your credit card details stored somewhere - in your Chrome browser's autofill settings, gathering dust in a Google Wallet, or inside Android Pay. The unified Google Pay brand will also help Google advance its platform more quickly, without needing to worry about maintaining two separate apps.
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Google already employed a similar logo and name for "Pay with Google", its very similar-sounding online checkout service, which came out in October. Now, it has been rebranded for the third time, as Google Pay - a branding Google (and we) hopes sticks. Those include Airbnb, Dice, Fandango, HungryHouse and Instacart.
A recent survey of more than 1,000 Fandango users revealed that 81% of consumers use some sort of digital payment service.