Google's SVP Sundar Pichai has confirmed today that the rumored Android Pay is real, and it has an API that will allow developers to build payments right into their apps.
The effort follows Google's recent announcement that its Wallet mobile payment app would be pre-installed on AT&T, Verizon and T-Mobile phones following the company's acquisition of SoftCard.
Besides allowing for purchasing in stores using NFC, Android Pay will also work with retailers for online checkout options similar to Apple Pay. Android Pay will also support tokenized card numbers, meaning every transaction will use a one-time number via Visa, MasterCard or American Express.
Written by: Andre Yoskowitz @ 2 Mar 2015 22:30