Google wallet is a technology that includes a combination of features to enable your smartphone to work as a credit card or debit card as well as selected loyalty cards, coupons, gift cards and more. It helps to solve the issue of your pockets filled with reward cards which need just another 10 stamps so as you may claim that free offer or espresso. All you need is to save details of every card in the app, such as the card name, number, expiry date and more and you are set to start using your Google Wallet.
Advantages of Google Wallet
1. Fast Payment
Using Visa’s payWave and MasterCard’s Pay Pass systems, Google Wallet enables you to quickly purchase goods and services just by hitting your NFC (Near Filed Communication)-equipped cell phone on these systems. The heavy-lidded morning coffee buy has been made so easy with Google wallet.
Google wallet has made online shopping very convenient. Some retailers have designed the ‘Buy with Google‘ in their websites which makes online purchase very fast as you don’t have to enter in your card and address details. You can simply place an order by just clicking once. A good example is Amazon that has pioneered this technique using the suitably labeled ‘1 click’ button.
Google Wallet is therefore suitable for impulse buying, repeat purchases or else secretly-purchased gifts to surprise your loved one.
2. More Secure
It is more secure to purchase for goods and services online using Google Wallet than using regular credit and debit cards. Credit and debit cards put your money at greater risk when it is lost, stolen or even duplicated by a devious cashier. Google wallet uses a technology that is safer. It employs a dual-PIN method to unlock the phone as well as buy things through activating the NFC chip once in range. Moreover, Google Wallet uses an encryption technology to protect your card details as it goes through the retailer’s system. Furthermore, Google Wallet Purchase Protection completely helps you avoid unlawful transactions as it has a technology that you can disable remotely immediately you lose ownership of your phone.
Despite the fact that Google Wallet is a clever app, its future is not bright as so far not many users have been interested with it. Many people are not familiar with this technology to make it look attractive or even advisable as only a few shops and manufactures are offering this technology. Moreover, many online retailers are not using the appropriate button, making Google Wallet a minority and hence a rather forgettable feature. Furthermore, the iPhone lack NFC.
To counter this, Google has to build strong relationships with merchants to achieve additional pay points in a number of the larger retail chain stores, as well as to achieve more sites with the “Buy with Google” push button. This will make Google Wallet well-known with the public making it get used more widely. Moreover, Google Wallet can be made the most widely used payment technique in the future by using a number of Google’s much-publicized earnings on an increased promotion trend.