The company Google has developed its own mobile payment system – Android Pay. The service will be available at the beginning of over a million places in the United States.
The fact that Google put to create your own mobile payment system means that it is challenging another technological giant – Apple. It is the company from Cupertino, California, has already invested in the mobile payments market. According to experts the value of this market in two years to reach the level of one trillion dollars. ZR & oacute; DLO: Flickr Visa and Mastercard occupy about 99 percent. Market
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instead of plastics
According to the BBC technology companies are trying to convince customers to use payment via eg. using a smartphone, and not plastic payment cards. Pay Google’s Android system running on smartphones that support NFC technology and are compatible with the operating system Android 4.4+ KitKat.
Google’s service will allow users to store data from debit and credit cards on smartphones. It will include other data eg. On loyalty cards. This means that instead of a few plastic cards in your wallet they will be able to carry only smartphone in your pocket.
Who?
Google’s system will benefit holders of credit and debit cards m .in. MasterCard, Visa, American Express and several banks, including for example. Bank of America or Citigroup.
Android Pay from 28 September will also be available outside the United States. At the beginning it will go to the UK, Spain and China.
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