Google clarifies its Wallet app is yet to launch in India
It has been verified by Google that the Wallet app has not yet been released in India. Some users may, nonetheless, get the identical file via the nation's Google Play Store. Through tokenization and safe storage, the Google Wallet app allows users to conduct contactless payments with debit and credit cards. This process either generates a virtual card or substitutes the real card number with a unique code. In addition, Google Wallet serves as a digital wallet software that can be used to store a variety of items, including gift cards, airline tickets, gym memberships, and event tickets.
Highlights:
- Google Wallet app isn't released in India yet, but some users can access it via the Play Store.
- It enables contactless payments with tokenization and secure storage.
- Unlike Google Pay, it's separate and supports only card payments.
In India, Google Wallet is a separate app from Google Pay. Google Wallet can only be used to make contactless payments using credit or debit cards, in contrast to Google Pay, which provides UPI payment services.
Furthermore, only handsets that enable near-field communication (NFC) will be able to use Google Wallet. Google will keep providing the Google Pay and Google Wallet applications in India, according to a TechCrunch report, in order to serve various user bases.
The Wallet app may be downloaded by owners of compatible WearOS-powered smartwatches to enable contactless payments right from the device. Users of certain Android smartphones may now add their cards and passes to the Google Wallet app by downloading it from the Play Store. Users may also use biometric verification to confirm every payment using the app, and it includes a feature that lets them add passes automatically from Gmail.
Google has an incentive to promote both the Wallet app and Google Pay due to the latter's popularity in India, where it is the second most utilized UPI app behind PhonePe. According to the National Payments Corporation of India, the Google Pay app enabled more than 5 billion transactions totaling more than $83 billion in March alone.
A specialized experience catered to the tastes and requirements of Indian customers may be anticipated when Google Wallet launches in India. Google hopes to improve the ease and safety of digital payments in the nation through possible connections with regional businesses and loyalty schemes.