Will Android Pay pave the way for widespread mobile payments adoption?

Image source: Article

Image source: Article

In a bid to position itself to gain market share for its services, Google has reinvented its mobile payments solutions. The release of Google Wallet four years ago, whilst similar, struggled to attract widespread adoption as a mobile payments system.

Crucially, Android Pay differentiates itself from the Wallet in that it is an open platform that can be used to power third-party payment or loyalty-card apps created by banks or retailers.

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