Google said it has struck partnerships with 13 financial institutions for the launch of its mobile payment tool Android Pay.
Partners include Chase, Citibank, Capital One, U.S. Bank, Discover, MasterCard, Visa, American Express, Navy Federal Credit Union, PNC, Regions, and USAA.
Google first announced the new payment platform earlier today at its developer conference in San Francisco.
Android Pay is very similar to Apple’s Apple Pay, even featuring fingerprint scanning to authorize payments. Google said it will be accepted at over 700,000 stores in the U.S. as well as in more than 1,000 Android apps.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
The new payment feature will also support merchant loyalty programs. If you’re a retailer interested in having your rewards program supported by Android Pay, click here.
Google hasn’t announced a rollout date for Android Pay, but sources say it will be part of a mobile update. Google Wallet owners will be some of the first to receive Android Pay during this update, which will essentially replace it.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More