What can Google Wallet and Google Pay factor in? Which of these platforms might work for you? Read this blog to know more about their features, benefits and user experience.
Now that Google Wallet is now fully launched in India, it would be a perfect time to analyze Google Wallet and Google Pay explanation. We all are now familiar with Google Pay app which is very popular nowadays to transact any kind of money or money in commercial field or other places, Google Wallet is still an unknown platform to us. Let’s take a look at the features, working similarities and similarities or differences between Google Wallet and Google Pay. So that the user can decide which app will be convenient and profitable to use for a specific need. Let’s begin –
What you need to know about Google Wallet
Google Wallet is like a digital wallet, which stores valuable and important things for the user while traveling. Valuables like user’s payment card, any bills, his identity card etc. can be carried in the personal wallet. Some of the valuables that can be stored digitally in Google Wallet are:
- Payment Cards: It is possible to add Credit card, Debit card and Loyalty card for contactless payment in any store.
- Passes: Any boarding pass, any movie ticket, event ticket can be easily accessed and displayed electronically with Google Wallet.
- Keys: Google Wallet allows users to collect digital keys for convenient access to various car models and its smart locks.
- IDs: While Google Wallet is currently not in high demand in India, the platform may eventually store a digital ID for purposes of determining age or identification.
What should we know about Google Pay?
Google Pay, Android Pay and Google Wallet originate from a hybrid approach. It is very convenient platform for peer-to-peer payments. It allows contactless bill or payment to be sent from one place to another between the user’s friends and family by simply using the user’s contact number or by scanning the QR code with the App and a UPI PIN. Instead of Debit or Credit card, the user can pay through Google Pay directly from the bank account linked to his account while paying at various places.
Some of the special features of Google Pay are –
- With Google Pay, user payments are made in seconds.
- You can enjoy various lucrative programs like rewards and cashback with various popular merchants and brands as part of their various promotional activities.
- A user can view all the information related to monthly expenses and transactions.
- Google Pay This platform provides reminders for users to pay essential bills like electricity, gas, mobile recharge, etc.
- The user can share his required bills with the group as per his convenience.
- It is now widely known and is completely free to use.
Difference between Google Wallet vs Google Pay
To distinguish the two platforms from each other, we have discussed their key differences below –
| Feature | Google Wallet | Google Pay |
| Primary Focus | Comprehensive Digital Wallet. | Facilitates contactless payments and peer-to-peer transactions. |
| Features | Stores Credit and Debit cards, contactless payments and ID, NFC payments. | Cards are used in storage, passes, tickets, memberships. |
| Scope of Functionality | Its functionality extends beyond payment. | Streamline focuses on payments, but a variety of cards, passes, tickets and memberships are available. |
| Evolution | Google’s latest effort is the Digital Wallet. | Received from Android Pay and Google Wallet. |
| Target Audience | Users looking for a versatile digital wallet solution. | Users are interested in convenient payment options. |
| Chrome Integration | Ltd | Chrome has a one-to-one match for online shopping. |
| Rewards | It is divided into two cards, namely Loyalty Card and Membership Card. | There are many attractive prizes to be won. |
Google Wallet and Google Pay user experience
If you want to know and are interested, using which of the apps will be convenient for you, so below are the differences between the two apps (Google Wallet vs Google Pay). These issues are discussed when choosing platforms for money transactions like Google Pay or Google Wallet.
| Factors | Google Wallet | Google Pay |
| Payment facility | Use to pay where Google Pay is accepted. | Tap to pay in store, online, and pay at familiar locations. |
| Payment Speed (successful) | Performs tasks as slowly as possible. | Faster execution due to offline transaction processing. |
| Payment Speed (Failure) | Problem solving or alternative payment methods are required. | Automatically retry the transaction or apply an alternative payment method. |
| safety | Google Pay has better security. | Multi-layered security appears. |
| UI (User Interface) | Can handle any type of card and pass. | It works very easily and intuitively. |
| Sending Money (No QR Code) | No benefits. | Potentially slower performance if internet connection required. |
| Offers and Rewards | Plans are underway (possible in the future). | Various rewards and offers are available through partner programs. |
| Transaction history | Accessible via Google Pay. | Transaction history is shown in detail. |
| Tracking Finances | Plans are underway to add more comprehensive budget tools . | is limited in important respects. |
| Add Note While Paying | Cannot add any notes/text. | Necessary notes/texts can be added. |
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The decision
Both Google Wallet and Google Pay offer a number of convenient tools for managing finances and other valuables. By understanding the functionality of these platforms, the user can choose the most convenient and suitable app according to his needs. Both these platforms have their own functionality. It depends on the user’s personal preference as to which will be suitable for the user to transact money in Google Wallet and Google Pay.
With the rapid development of technology, it is important to keep an eye on how these services can make it easier and more convenient to carry and access your valuables.