Mobile real-life and online payment systems are easy-to-use services that facilitate transactions. They’re gradually increasing in popularity, with Apple Pay leading the charge. However, Google isn’t going be outdone so it has decided to develop a new partnership with both Visa and Mastercard.
Currently, Android Pay doesn’t yet the global reach of Apple Pay but it will gradually get to the same level. Hong Kong is the latest location to receive access to Google’s mobile NFC payment system. As of today, your Android Pay account will integrate with two other online payment services, Visa Checkout and Masterpass.
Users will now able to make payments when using their smartphone to shop on the thousands of sites which accept the two services. To do so, clients need to first link their Android Pay account with the Masterpass and Visa checkout. After they complete this step, all its left to do is to choose an authentication method when you decide to checkout your online shopping cart.
Unfortunately, Android Pay is not yet available for desktop platforms, unlike Apple Pay who recently was integrated with Apple’s Safari browser. The new partnership with Android Pay also represents an opportunity for Mastercard and Visa to carve out their own share of online payments as an alternative to PayPal and Apple Pay.
Google is not the only company collaborating with online payment solutions. Samsung has also developed a partnership with Mastercard, which will lead to the integration of Masterpass into Samsung Pay. The same feature will come to Microsoft Wallet if you using it.
The Android Pay integration with Masterpass and Visa Checkout will be available starting in early 2017. The rollout of the new services will start in the US and eventually release for all the region in which Android Pay is currently available.
The main advantage of using collective payment systems such as Apple Pay or Android Pay is that you have all your financial information in one highly secured location. These services facilitate transactions be it in person using the NFC technology or in online shopping. It will help you skip the hassle of always logging into an account when you want to make an online purchase. The entire history of your purchase activity can also be managed on the app.