Initially announced by Google in March 2016, Android Pay was officially launched in the US in May 2016, and in Australia in July 2016. Now it has been rebranded to Google Pay, and is used in roughly 700,000 stores across the country.
After previous failed attempts to enter the mobile payments market, Google sees Google Pay as a crucial step in gaining market share that had previously been dominated by Apple Pay. Google created the system in partnership with financial tech Braintree and online payment provider eWay.
Google Pay is now integrated into stores such as Big W, 7-Eleven, Coles, JB HiFi and Dan Murphy’s to name a few, and includes MasterCard, Visa, Discover and American Express options. You can also load loyalty and gift cards to Google Pay so all your cards are in one convenient easy-to-access spot.
How does Google Pay work?
Google Pay is an easy and secure way for Android and Google smartphone users to make payments. Banks can utilise the platform and use your smartphone’s Near-Field Communication (NFC) chip to transmit payment options to the merchant.
If your bank supports Google Pay, you simply download the app from Google Play, hit the ‘+’ to add a new card and either use the phone’s camera to take a photo of the card or manually enter the card’s details.
What’s the difference between Google Pay and Apple Pay?
Android and Google phones currently account for three out of every four smartphones worldwide. iOs (or Apple) systems account for 18% of the mobile market, meaning the two combined make up 96% of the mobile market.
As they are both mobile payment platforms, the two are very similar in design, yet have some differences:
- With Google, users just unlock their phone over a terminal whereas Apple requires the user to scan their fingerprint before completing any payments.
- Apple Pay is more limited in compatibility, working only with the iPhone 6 and later versions. According to Google, any Android device running on version 4.4 and up is compatible with Google Pay.
- Google Pay has support from more major banks, which will be discussed below.
Aside from these points, there aren’t really any major differences between the two. Tech Times calls Google Pay a sleeker and more secure version of Apple Pay. With Google offering support for more devices than Apple, Tech Times expects a wider adoption from users.
Does Commbank offer Google Pay?
Yes, Commbank does have Google Pay and encourages their consumers to take advantage of the new technology. They describe it as a ‘quick and easy wallet-free way to pay for in-store items under $100.’
In order to use Google Pay with a Commbank card, you need to download the Commbank app, rather than the usual Google Pay app. This is available via Google Play.
Does ANZ offer Google Pay?
Yes, ANZ does have Google Pay and offer extra security when it comes to using the app. After downloading the Google Pay app, it’s important to double-check your mobile number on your ANZ internet banking profile.
When adding your cards to Google Pay, they will send you a verification code via SMS to complete the process in a safe and secure manner.
Does Westpac offer Google Pay?
Yes, Westpac offers Google Pay and you can register both debit and credit cards on the app. Download the app from the Google Play app store and you will have access to a number of stores worldwide with card-less payments.
Does NAB offer Google Pay?
Yes, at the time of writing NAB does offer Google Pay, in addition to its own tap and pay system called Nab Pay. NAB was the last of the big four banks to offer Google Pay, introducing it on April 11, 2018.
What Australian banks offer Google Pay?
While three of the Big four banks all offer Google Pay, there are actually another 48 other financial institutions that are also registered. They include:
- American Express
- Australian Unity
- Bank Australia
- Bank of Sydney
- Bendigo Bank
- Beyond Bank
- Big Sky Building Society
- CAPE Credit Union
- Catalyst Money
- Central Murray Credit Union Ltd
- Central West Credit Union
- Community First Credit Union
- Credit Union Australia
- Credit Union SA
- Defence Bank
- Family First Credit Union
- Firefighters Mutual Bank
- First Option Credit Union
- Goldfields Money
- Goulburn Murray Credit Union Co-Op
- Holiday Coast Credit Union
- Horizon Credit Union
- Illawarra Credit Union
- ING Direct
- Intech Credit Union
- Laboratories Credit Union
- Macquarie Bank
- Maritime, Mining & Power Credit Union
- MyState Bank
- Nexus Mutual
- Northern Beaches Credit Union
- Northern Inland Credit Union
- P&N Bank
- People’s Choice Credit Union
- Police Bank
- Police Credit Union
- QT Mutual Bank
- Queenslanders Credit Union
- Reliance Bank
- Select ENCOMPASS Credit Union
- South West Slopes Credit Union
- Sydney Credit Union
- Teacher’s Mutual Bank
- The Mac Credit Union
- The Rock Credit Union
- WAW Credit Union Co-Operative
- Woolworths Employees’ Credit Union
- Wyong Shire Credit Union