I/O Summary: Android Pay
Android M has also been confirmed to bring with it Android Pay, an NFC based contactless payments system. You will be able to add existing debit or credit cards with this new mobile payment solution, which at the moment supports American Express, Discover, MasterCard and Visa and then tap your phone to compatible systems in store to pay.
Android Pay will allegedly bring the best in mobile payments. With Android Pay, users can use their phone to pay at stores just by putting it against a scanner. Google claims that Android Pay is focused on simplicity, security and choice. There is no need to open any app, which makes it easy and hassle-less to use. Actual card numbers are not shared with the store during the transaction, which is claimed to aid in security.They are also partnering with mobile carriers so that you can walk out of the store with the feature ready to go. It will be supported by many physical and virtual stores around the world, and will work on Android 4.4 Kitkat and forward. Android M will bring native fingerprint support, however, to add an extra layer of security to transactions. Google is standardizing support and making it easy for any developer to integrate it into their app.
Whilst we imagine this will be U.S. only upon launch, if it becomes successful we could see a huge uptake in mobile contactless payments globally as organisations seek to bring similar services to more countries.
Will you be using Android Pay? Leave a comment below!