Google never falls short of innovation and value. The technology giant keeps inventing and producing things that reveal utility and attain compliance to serve human life better. This is why this time Google has decided to integrate Android Pay (digital wallet platform empowering in-app and tap-to-pay purchases) with mobile banking apps. Which means now people would be able to do mobile payments by using mobile banking apps integrated with Android Pay.
They have partnered with different institutions like Bank of America, Bank of New Zealand, Discover, mBank and USAA to start with, and are planning to take it ahead including a long list of banks in the coming time. However, soon Android Pay would be integrated with a large list of major credit and debit cards from most of the top banks. And they are working on to add more banking institutions to this list. And if you are a customer of any of these banks, you can add the cards to do the payments just at a tap of a button.
The integration is different for all the banks as all of them differ in processes and practices but at the core, the functionality remains same for all. And the key focus here is to allow users to get enough ease and ability to do payments in a highly interactive manner.
As you have added the card of your bank’s app you can click and select the option of Android Pay. This will allow you to do the payments at NFC-enabled terminals of different stores. It can also be used with other supported platforms just like Apple Pay.
Talking of the functionalities, it sends you alert notifications as soon as you do the transactions. Even when you have not installed it in your device it works with your banking app. With Android Pay, you can even make choices in selecting payment methods or opt to deselect or deactivate cards. You can even choose if you would like to use your bank app or not.
The app is technically equipped to dynamically allow you to add different card options and make payments to different POSs and sales desks – while shopping online or at stores.
To make it really smooth for you to do payments it utilizes NFC technology (contactless payment method) to transmit your card information to the seller with advanced authentication and at a real great speed. Here, the most helpful thing is you don’t need to provide your card information every time you do the payment and it just needs to be stored once. Which makes it really a time-saving way of doing payments.
Talking about security, it converts the entered account numbers into virtual numbers and encrypts your account details to make it go through a safe and secure process – which is hard to be cracked by online threats. Further, with Android Device Manager, you can lock and safeguard your phone remotely in case of theft or if it has gone missing. You can even remove all your personal data and set a new password to access the phone with this facility. Which makes it absolutely a safe and highly efficient way to do payments in different given situations.
This up-to-the-minute collaboration with different banks and institutions expands Android Pay’s capabilities as an open platform. Further, with all these features and facilities, it is a future-proof technology which is going to make a lot of impact in the way payments take place – offering great opportunities and possibilities for digital transactions and to the way mobile payments are done. And with high-end resources and technological capabilities facilitated and offered by android developers in the field of mobile banking app development, you can expect this technology to go far and high in making our lives easy and progressive, seamlessly connecting us with banks to do payments.
If you would like to learn more about this news or would like to get information on banking app development, you can contact our domain experts at [email protected].
A marketing graduate, a deemed strategist, a sure geek - Tushar is a fine blender of the art and science of writing. When it comes to tune up content with commerce, he knows the trick. For him, if words don’t make you think and beat, they are not worth your time. A crazy foodie, an unfailing jogger – that’s him off the desk!
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