Google Introducesā Digital āWallet āin India, Complementingā Google āPay
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 alongsideā¢ the existing Google āPay app, which will continue to serve as the company’s primary payments solution in theā¤ country.
Google Wallet: A Hub for Non-Payment Use Cases
While Google Pay remains theā¢ go-to app for digital transactions, Google Wallet is ā¤designed āto cater āto non-payment useā cases. Indianā¢ Androidā users can now storeā and ā¢access various itemsā¢ such as:
- Boarding passes
- Gift cards
- Event tickets
- Loyalty passes
These items can be added āto the āwallet through QR codes, barcodes, or links shared via Gmail,ā or ā¢by using āa dedicated “Add to Google āWallet” button available on partner apps. The app also allows users to store transit tickets and create āpasses fromā imagesā¤ containing ābarcodes or QR codes, such as airline boarding passes,ā luggage tags,ā¢ or parkingā¢ receipts.
Partnerships andā Integrations
Google āWallet has partnered with 20 ā£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, āGoogleā has partnered with system integrators Wavelynx and ā Alert Enterprise ā to enable users to store and access their corporate badges.
Android’sā Dominance in India
With a staggering 93% market share, Android ā¢continues to reign supreme in India’s smartphone market. According to the latest ā¢data from Counterpoint, out of āthe 152 million smartphones shipped in theā country in 2023, 140 āmillion were powered by Android. The ā¤smartphone penetration rateā¢ alsoā¢ increased from 66% in 2021 to 70% in 2023, further solidifying āGoogle’s decision to launch its digital wallet āin India.
Competition in the Digital Wallet Space
Despite the promising prospects, Google Wallet will face competitionā from established players in the Indian market. Samsung Wallet, for instance, offers ā¤a comprehensive digital āwalletā¤ and paymentsā£ app forā¢ Samsung device users. Apple’s Wallet app is alsoā available for iPhone users in India,ā¢ although it currently ā£lacks ā£extensiveā£ localā¢ integrations. Furthermore, the popular instant messaging app ā¤WhatsApp provides usersā£ with the ability to obtain virtualā£ boarding ā¤passesā and transit tickets from platforms like MakeMyTrip and stateā¢ metro ātrain operators.
“Google Pay is not going anywhere. Google Pay is our primary payments use ācase.ā Wallet is specifically tailored for thinkingā about the non-payment use cases.”
-ā Ramā£ Papatla, General Manager and India ā£Engineering Lead for Android at Google
As Google āWallet enters the Indian market, it aims to complement the existing āGoogle Pay āapp by focusing on non-payment use cases, offering ā¢users a convenient wayā¤ to storeā and access various digital ā¤items. With its extensive partnershipsā¤ and the dominance of Android in India, Googleā¢ is āwell-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!