With the advent and use of e-payments in various industries here in Singapore, Internet giant, Google will be introducing its own version of an electronic payment system known as GooglePay in the upcoming weeks in its bid to build its presence in the e-payment landscape.
According to Google’s South Asia-Pacific Payments Partnerships Lead, Mr. Chen Way Siew, customers who have used Google Pay’s predecessor, Android Pay, can use the new payment method that operates on the latter’s system.
This means that users of the Android Pay App will be switched over to Google Pay once they update in the coming weeks. This transition will link all of the user’s existing payment forms to the new app, explained Mr. Chen.
Google Pay is Coming to Singapore ‘Soon’
The Google Pay app will work with all Google products which would allow users to have a convenient and seamless checkout experience when using either Chrome or Google Play for app purchases. The app brings together the features and functionality of Google Wallet and Android Pay under one brand.
Mr. Chen further explained that Google Pay will enable users to use their payment profiles from their Google accounts, making it easier for them to checkout purchases without any hassle.
Currently, there are already six banks in Singapore which offer Google Pay as part of their transaction methods. These are American Express, Oversea-Chinese Banking Corp, DBS, POSB, Standard Chartered, and United Overseas Bank.
The Android system has come a long way to establish itself as the most widely-used operating system worldwide with over a billion users already on board and a huge collection of apps (somewhere over a million and still counting) to date. Google Play Store (formerly Android Market) has also thrived on its partnership with Android and has provided the platform for new and helpful apps to reach their markets since its launch in 2008.