Everything you need to know about Android Pay

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http://l1.yimg.com/bt/api/res/1.2/TrMbl9L1t6dWm5RQ0Zhfww--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en-US/homerun/digital_trends_973/54ed5837ff61c0612f24c814afbcc109 (http://news.yahoo.com/everything-know-android-pay-221738724.html)With Android Pay, you can start leaving your wallet behind as anyone with a compatible devices can pay for things with a simple tap via the NFC contactless payment system. Here’s a guide to all the phones, places, and banks that support Android Pay. Updated on 12-15-2015 by Julian Chokkattu: Added news about Google adding-the ability to make in-app purchases with Android Pay and its future rollout in Australia.- Click on a link to jump to a topic: In-app purchases Australia plans NFC-only List of stores Banks and security Competitors In-app purchases Now that tap-and-pay has been established as Android Pay’s primary feature, Google is rolling out the ability to make in-app purchases with its mobile payment platform. When you’re about to purchase something in an app that supports the service, you’ll see a button to pay using Android Pay, eliminating the need for you to get your wallet and pull out your credit or debit card. At the moment, Google has listed more than a dozen apps that support in-app purchases with Android Pay including Lyft, OpenTable, Hotel Tonight, and Instacart. As an incentive to start using Android Pay, some of these apps are offering deals, such as $20 off on OpenTable dining, or $10 off your Lyft ride. It’s coming to Australia soon In-app purchases isn’t the only new announcement Google made-— the company said-Android Pay will arrive in Australia in the first half of 2016. Google is working with Australia’s major financial institutions such as Westpac and ANZ, as well as with merchants such as 7-Eleven and McDonald’s to bring NFC payment terminals. The search giant said Android Pay will come to more countries-throughout 2016. Android Pay only works if you have NFC For Android Pay to work, you phone must run Android 4.4 or higher. Compatible Android devices must also have an NFC chip, which means if you have a device like the-OnePlus 2, you-will not be able to access Android Pay. Any store with NFC terminals supports Android Pay Like all other forms of NFC payment, Android Pay will be accepted in more than one million stores across the United States, including Toys ‘R’ Us, GameStop, Subway, Whole Foods, and more. Walmart has not accept contactless payments, yet. Related:- A private jet is just a thumb press away with this app, thanks to Apple Pay Limited support for NFC payments is the main hurdle systems like Android Pay face in the United States and elsewhere. However,-Apple Pay has managed to increase the amount of interest in contactless payment, which in turn helps Android Pay to be accepted at all of these stores. As more stores switch over to the EMV standard in the United States, NFC adoption could rise as well. Many banks and credit cards support it As far as bank and card support goes, MasterCard, Visa, American Express, and Discover support Android Pay. Most banks that already support Apple Pay will back Google’s service, since both use similar NFC technology for payments. Google specifically mentioned-American Express, Bank of America, Discover, Capital One, Citi, Navy Federal Credit Union, PNC, Regions Bank, TD Bank, USAA, Wells Fargo, and U.S. Bank. Users will also be able to store credit, debit, gift, and loyalty cards on Android Pay. Like most NFC payment systems, Android Pay comes with all the necessary security, including a way to shut down devices that have been stolen, so nobody can use your card. The system uses tokenization, which processes transactions via individual random account numbers, rather than your actual credit or debit card account number. In-app purchases are as safe-as its NFC contactless counterpart. Competitors There are a lot of big players in mobile payments these days, the most iconic of which are Apple Pay and Samsung Pay. Google’s Android Pay will compete with both services, but it is quite similar to Apple Pay in its implementation and reliance on NFC technology. Related: Everything to know about Samsung Pay In contrast,-Samsung Pay-uses-a unique system that is capable of manipulating regular card registers. The MST technology, which Samsung acquired for $200 million, allows the payments service to be compatible in every store that supports credit cards with magstripes. As such, Samsung Pay has a much longer reach than Android Pay and Apple Pay, though it is limited to Samsung phones and the Gear S2 smartwatch only. It will be interesting to see how Android Pay fares in the market. We’ll keep you updated as more partners and details are announced. Also watch: OnePlus X Hands On Please enable Javascript to watch this video



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