Google Introduces Digital Wallet in India, Complementing Google Pay
Google has unveiled its google-wallet-launches-in-india-with-local-features-pay-to-remain/” title=”Google Wallet Launches in India with Local Features, Pay to Remain”>digital wallet platform in India, nearly two years after its relaunch in the United States. The app, named Google Wallet, will function alongside the existing Google Pay app, which will continue to serve as the company’s primary payments solution in the country.
Google Wallet: A Hub for Non-Payment Use Cases
While Google Pay remains the go-to app for digital transactions, Google Wallet is designed to cater to non-payment use cases. Indian Android users can now store and access various items such as:
- Boarding passes
- Gift cards
- Event tickets
- Loyalty passes
These items can be added to the wallet through QR codes, barcodes, or links shared via Gmail, or by using a dedicated “Add to Google Wallet” button available on partner apps. The app also allows users to store transit tickets and create passes from images containing barcodes or QR codes, such as airline boarding passes, luggage tags, or parking receipts.
Partnerships and Integrations
Google Wallet has partnered with 20 brands in India, including popular names like PVR Inox, Flipkart, Air India, MakeMyTrip, Pine Labs, and Ixigo. The company has also collaborated with local transport operators, such as Kochi Metro, Hyderabad Metro, VRL Travels, and Abhibus. Additionally, Google has partnered with system integrators Wavelynx and Alert Enterprise to enable users to store and access their corporate badges.
Android’s Dominance in India
With a staggering 93% market share, Android continues to reign supreme in India’s smartphone market. According to the latest data from Counterpoint, out of the 152 million smartphones shipped in the country in 2023, 140 million were powered by Android. The smartphone penetration rate also increased from 66% in 2021 to 70% in 2023, further solidifying Google’s decision to launch its digital wallet in India.
Competition in the Digital Wallet Space
Despite the promising prospects, Google Wallet will face competition from established players in the Indian market. Samsung Wallet, for instance, offers a comprehensive digital wallet and payments app for Samsung device users. Apple’s Wallet app is also available for iPhone users in India, although it currently lacks extensive local integrations. Furthermore, the popular instant messaging app WhatsApp provides users with the ability to obtain virtual boarding passes and transit tickets from platforms like MakeMyTrip and state metro train operators.
“Google Pay is not going anywhere. Google Pay is our primary payments use case. Wallet is specifically tailored for thinking about the non-payment use cases.”
- Ram Papatla, General Manager and India Engineering Lead for Android at Google
As Google Wallet enters the Indian market, it aims to complement the existing Google Pay app by focusing on non-payment use cases, offering users a convenient way to store and access various digital items. With its extensive partnerships and the dominance of Android in India, Google is well-positioned to make a significant impact in the country’s digital wallet landscape.
4 Comments
A bold move by Google, but will it beat the good ol’ cash in India? Exciting times!
Oh great, just what we needed, another way for Google to watch our every move. Let’s see how this plays out!
Finally, no more bulky wallets at festivals, just hope your phone’s battery lasts!
Ah, modern convenience meets the dreaded dead phone scenario, delightful irony!