![]() Just as it was with Apple Pay, ANZ was the first of the big four banks to introduce Google Pay, turning it on as soon as it launched in Australia on 14 July 2016. ANZ Chief Executive Shayne Elliott said at the time that ANZ was introducing Google Pay in order to “build the best digital bank for customers”. Google charges no such fee, which is why they were less reluctant to switch on Google Pay capabilities. They were slow to adopt Apple Pay due to the fees Apple charges the banks – it was revealed Apple charges the banks between 0.04% to 0.06% of the purchase price when customers use Apple Pay. The big four were much quicker to take up Google Pay than they were to adopt Apple Pay, as all four didn't have that until 2020. And phones are generally harder to lose (or have stolen) than single cards or wallets – most people never even put their phones down! Do the big four banks offer Google Pay?Īt the time of writing, each of the big four banks offers Google Pay to their customers. It also doesn’t keep your transactions or card numbers on its servers.Īnd if you lose your phone, you can log into your Google account or mobile banking on another device to lock your card. According to Google, Google Pay creates a unique encrypted transaction number for every payment and does not share your card number with the merchant. ![]() Google Pay is technically extremely safe to use, maybe even more so than using a physical card. Customers might still have to pay a credit card surcharge, but this is charged by the merchant, not Google Pay, and can be applied to all card transactions. Does it cost you anything to use?Īccording to Google, Google Pay is free to use for both customers and merchants. If you have a compatible smartwatch, then you can also use Google Pay with a swipe of your wrist. ![]() This includes phones from well-known brands like: Google Pay is available on all Android devices that have the Lollipop (5.0) operating system and above. Google Pay also makes purchasing online easier by securely storing and remembering your card’s information so your card information can be auto-filled, which can be dangerous if you’re someone who’s easily tempted by online shopping. Google Pay can be used at millions of terminals worldwide, as long as they accept your specific card’s carrier (whether that’s Visa, Mastercard or American Express). No PIN number is required for any Google Pay transactions under $200. Once it has your card’s details, google then utilises your phone’s Near-Field Communication (NFC) chip to connect to POS terminals the same way the physical card would, allowing your lock screen to act as a physical card. To do this there should be a tab titled “cards” in settings where you can enter this information in a couple of minutes. Google Pay works by storing credit and debit card information securely in Android devices. Many Australian banks now offer Google Pay for their customers – see our list of these banks below. It then rebranded as Google Pay in early 2018, so don’t get confused by the two. Google Pay was originally launched as Android Pay in Australia in July 2016. Google Pay also gives you a backup in case you leave your wallet or purse at home. So essentially, it lets you make payments at merchant terminals with a simple tap of your phone instead of digging around in your wallet like a fool! Time is money after all, and no one who’s anyone has more than 10 seconds to pay for things. Store other virtual cards and passes, such as boarding passes or tickets.Pre-fill payment information on their phones or computers.Make contactless payments with their phone or smartwatch.As a digital wallet, Google Pay lets Android users: Google Pay is a contactless payment service, also known as a digital wallet, exclusive to Android users, of which there are more than two billion worldwide. This can be done through the use of digital wallet services such as Google Pay. Recent advancements in payments technology means you can also use your smartphone to make instant contactless payments without needing to dig out your credit card. Google Pay supported banks in Australia.
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