Alternative Payment Solution: Android Pay

Alternative Payment Solution: Android Pay

Summary

Android Pay is a mobile payment solution launched by Google in September 2015, as an extension to the Google Wallet. At present, the solution is available in 10 markets: the US, the UK, Singapore, Australia, Hong Kong, Belgium, Ireland, Japan, New Zealand, and Poland - with plans to expand further into other European countries and Canada. The solution works with all NFC-enabled Android mobile phones running Android 4.4 KitKat or later, and watches running Android Wear 2.0.

The solution is accepted at more than 2.5 million retail outlets globally, and supports all major payment networks, including American Express, Mastercard, Visa, and Diners Club. It is supported by more than 650 banks and credit unions in the US, including major banks such as American Express, Bank of America, Capital One, Chase, Citi, HSBC, UBS, and Wells Fargo. Users can store details of multiple debit, credit, and store cards on Android Pay, which can be used to make payments at merchant outlets. In addition, Android Pay has collaborated with banks including Bank of America, USAA, Bank of New Zealand, Discover, and mBank to integrate the solution into these banks own mobile apps.

In addition to in-store payments, Android Pay offers in-app payments and also supports cash withdrawals at ATMs. In May 2016, Android Pay expanded into online payments, allowing users to shop at participating websites on the Google Chrome browser using an Android phone. To expand its online payment services, in October 2016 Android Pay partnered with Visa and Mastercard, allowing users to make payments at hundreds of online users.

The report provides information and insights into alternative payment solution Android Pay, including -
- Detailed insight into its business and geographical presence
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its performance, including its revenue model
- The companys important events and milestones

Scope

- Android Pay was launched in the US on September 2015, and expanded its services into nine other markets: UK, Singapore, Australia, Hong Kong, Belgium, Ireland, Japan, New Zealand, and Poland - with plans to expand further into other European countries and Canada.
- Android Pay supports all major payment networks, including American Express, Visa, MasterCard and Discover.
- In 2016, estimated in-store transactions worth US$8bn were run through Android Pay.
- In February 2017, Android Wear 2.0 was launched, which allows users to make payments using Android Pay on their watch.

Reasons to buy

- Gain insights into Android Pays business operations, geographical presence and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
Table of Contents
Overview
Geographical Presence
Historic Milestones
Benchmarking
Revenue Model
Partner Banks and Financial Institutions
Partner Banks and Financial Institutions in the US
Supporting Merchants in the US
Products and Services
Significant Events
Appendix

Alternative Payment Solution: Amazon Pay

Alternative Payment Solution: Amazon Pay market research report available in single user pdf license with Aarkstore Enterprise at USD 350

USD 350 View Report

Alternative Payment Solution: TransferWise

Alternative Payment Solution: TransferWiseTransferWise is a global cross-border money transfer solution. Founded in the UK in March 2010, the solution now enables users to transfer money globally in 49 currencies

USD 350 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available