TECHCRUNCH: At its I/O developer conference today, Google announced Android Pay, a new payments solution native to its mobile operating system. In addition to making it easier to pay at a merchant’s point of sale via NFC, the new system lets merchants integrate payments directly into their apps for selling physical goods and services using an Android Pay API rather than integrating a third-party provider like Venmo or PayPal.
To give Android Pay a shot at success, Google negotiated partnerships with the three major U.S. cellular carriers: AT&T, Verizon and T-Mobile. Those carriers will pre-install Android Pay on devices they sell running Android 4.4 “KitKat” or later with NFC built in. On devices running the new Android M operating system — which won’t be very many for some time, based on Android upgrade cycle history — users will also be able to quickly access and authorize Pay using native fingerprint support. Read the full article
Read more on the topic: Fast Company