Google has launched Android Pay, which will accept and support credit and debit cards from the major payment networks, including American Express and Visa.
The company will roll out the new mobile payment in the United States in the coming days. No exact date was announced.
Android Pay will allow users to pay with Android phone at more than one million locations across the U.S. The payment system will work with all NFC-enabled Android devices running KitKat 4.4+, on any mobile carrier.
“Android Pay also stores your gift cards, loyalty cards and special offers right on your phone,” the company’s executive said in a blog post.
Android Pay will support credit and debit cards from American Express, Discover, MasterCard and Visa.
“We will continue to add even more features, banks and store locations in the coming months, making it even easier to pay with your Android phone,” Pali Bhat, director of product management, Android Pay, said in a statement.
Android Pay will be a secure way to make payment online. Supported by industry standard tokenization, the system will use a virtual account number that provides an extra layer of security. People will be able to lock their phones, in case of lost/theft, by using Android Device Manager, which enables users to lock their devices “from anywhere, secure it with a new password, or even wipe it clean of your personal information.”
Further, Android Pay will enable users to store gift cards, loyalty cards and special offers right on their phones.
Google’s Android Pay joins Apple Pay to compete in the mobile payments market, which is expected to hit $1 trillion in 2017, as estimated by research firm IDC.
People using Google Wallet app can get access to Android Pay through an update. While new users can download the app from Google Play store. Android Pay will be available in Play store in the next few days.