Google is shutting down its Google Pay app within the U.S. on June 4, 2024. The fee infrastructure will nonetheless be accessible for ecommerce transactions and in-store tap-to-pay capabilities.
The app will nonetheless be accessible in India and Singapore.
Google is funneling customers to Google Pockets, which U.S. shoppers use 5x greater than Google Pay.
Take a second to consider the final time you opened up the Google Pay app in your cellphone to make a fee or handle your digital fee playing cards…..
Which may be the rationale Google plans to close down the U.S. model of its standalone Google Pay app. Beginning June 4, 2024, customers within the U.S. will not have the ability to entry Google Pay. As a substitute, Google is funneling customers to Google Pockets, which within the U.S. is used 5x greater than Google Pay.
This transfer gained’t influence the infrastructure of Google Pay– customers will nonetheless have the ability to use the net fee system to checkout on-line or tap-to-pay in a bodily brick-and-mortar retailer. Moreover, Google Pay will nonetheless be accessible to customers in India and Singapore. In actual fact, Google stated it can proceed to construct for the “distinctive wants” in these international locations.
For now, right here’s what U.S. customers have to know:
Customers can view and switch their Google Pay stability to their checking account utilizing the app till June 4. After that point, customers can switch their funds utilizing the Google Pay web site.
Customers can entry the presents and offers search capabilities inside a brand new offers vacation spot through Google Search.
After June 4, customers will not have the flexibility to ship, request, or obtain peer-to-peer cash transfers from the U.S. Google Pay app.
Google made clear that simply because the app is dissolving, Google Pay isn’t going away. In actual fact, the corporate says it has “invested in making funds as quick and seamless as doable — like bettering Google Pay autofill in Chrome, making it straightforward to pay for public transit and increasing the varieties of passes you may retailer in Pockets.”
Google Pay final made fintech headlines in December of 2023, when the corporate introduced it was partnering with Affirm and Zip so as to add BNPL choices for customers within the on-line checkout circulate.
Picture by Deepanker Verma
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