Android Pay Coming to UK
Alphabet, the company formerly known as Google’s answer to Apple Pay, said that Android Pay could be rolled out in the United Kingdom sometime this month.
Alphabet (NASDAQ: GOOGL) wants to roll Android Pay out in Britain by the end of March, The Telegraph reported on Feb. 26, 2016. If this is true, it would make the UK the second country in which Android Pay is available; the app has been live in the United States since September.
This could give Alphabet access to a huge new payment market because Android devices account for more than half the smartphones sold in the Kingdom, The Telegraph reported. For those of you unfamiliar with it, Android Pay is a clone of Apple Pay designed to work with Google’s operating system.
It is not clear what British financial institutions will use Android Pay, but a photograph published in The Telegraph shows it being used with a Visa card from RBS (the Royal Bank of Scotland). Users will be able to access their bank account, Visa, and MasterCard balances through Android Pay in England, Scotland, Wales, and Northern Ireland, according to The Telegraph.
It is not known which British retailers will take it, but some major names, including Transport for London, the operator of the Tube and the double-decker buses, does take it. The advent of Android Pay in the UK should drive more banks and retailers to accept payment applications in Europe.
Apple Pay still Finds Hard Time Getting Acceptance in U.S. Retailers
A major reason why Alphabet and Apple are so anxious to roll their payment solutions out in the United Kingdom is the low number of American retailers that accept the apps.
A Marketwatch survey found that only one in five U.S. retailers with the technology to take Apple Pay actually accepted the service. MarketWatch discovered that there were around one million businesses in the U.S. equipped with EMV card retailers that can accept payment apps, yet only one in five of those was actually using the technology to accept payment apps.
This, coupled with the resistance that major American retailers, such as Kroger and Walmart, are putting up to Apple Pay, slows its acceptance. Even though Apple Pay is now available in China and accepted at two million locations, those who have it still have to carry cash or credit cards. This means Ally customers can make payments through their debit cards.
There is some good news for Apple Pay users in the United States though. Business Insider reported that Ally Bank, one of the largest online banks in the U.S., will start supporting Apple Pay for debit cards. Customers will have to enter a pin code or use a fingerprint reader to approve the payment.
An Ally Bank press release did not say whether account holders could withdraw cash using Apple Pay. Since many American retailers allow customers to withdraw cash when they make a debit card purchase, they presumably can. One of the most popular aspects of online banks, such as Ally, is that they reimburse all ATM fees to account holders.
Ally plans to start supporting Apple Pay’s two main rivals, Android Pay and Samsung Pay, later this year. Samsung Pay is also supposed to be rolled out in the United Kingdom later this year.https://geekcrunch.reviews/android-pay-coming-uk/https://i1.wp.com/geekcrunch.reviews/wp-content/uploads/2016/03/houses_of_parliament21-940x560.jpg?fit=940%2C560&ssl=1https://i1.wp.com/geekcrunch.reviews/wp-content/uploads/2016/03/houses_of_parliament21-940x560.jpg?resize=150%2C150&ssl=1Apple Hot NewsTechAlly Bank,Alphabet (NASDAQ: GOOGL),Alphabet and Apple,Android Pay,Android Pay Coming to UK,Apple Pay for debit cards,Apple Pay still Finds Hard Time Getting Acceptance in U.S. Retailers,Samsung PayAlphabet, the company formerly known as Google’s answer to Apple Pay, said that Android Pay could be rolled out in the United Kingdom sometime this month. Alphabet (NASDAQ: GOOGL) wants to roll Android Pay out in Britain by the end of March, The Telegraph reported on Feb. 26, 2016. If...Daniel JenningsDaniel Jennings[email protected]AuthorGeek Crunch Reviews