After a period of relative quiet, Google Pay has just had a huge update with dozens of new features.
Today we're taking an important step forward in our quest to make money simple, secure and helpful.
Google Pay recently announced the redesign of the app and is now rewarding its users for making referrals and offering cashback for payments made through the app. Not only that, but in true Google fashion, you'll be able to search your transactions to stay on top of where your money is going. "It's built with multiple layers of security to keep your money and information private and safe".
Pay works much the same way as it does now, but with the added option of adding group payments. Instead of cards, your Google Pay account will be broken up into three groups: People, Groups, and Businesses.
Businesses like ExxonMobil are enabling their omnichannel commerce strategies via the Carat ecosystem from Fiserv, which securely delivers limitless payment opportunities across the most popular channels and devices.
And when you sign up for Google Pay, you choose whether you'd like to use your transaction history to personalize your experience within the app.
Where it gets pretty unique, though, is in its ability to break things up into conversations.
All your transactions, all together + With your permission, you can see activity from accounts you've linked. Built-in tools allow for splitting expenses and calculating totals with another person, and the Google Pay app can be used to order food, buy gas, and more. The app tracks how users spend money and sends them alerts for any fees charged. Our current favorite is the Plum app.
In rewards, besides the deals and offers from retailers, Google will send you rewards (cash) for paying and/or referring friends to things. To redeem an offer from popular stores such as Target, Burger King, Etsy, and more-tap the promotion, make a purchase, and the discount will be automatically applied at checkout. If you connect your credit cards or bank account with the app, it will give you summaries on your spending. You'll get a digital Mastercard debit card instantly and a physical contactless card upon request.
If you live in one of these countries and have an NFC-enabled phone, you can download the app and start adding cards, either directly in the Google Pay app, or through a link in your bank's app - though that will depend on if your bank is participating yet. "In addition to Citi and Stanford Federal Credit Union, we will also be working with Bank Mobile, BBVA USA, BMO Harris, Coastal Community Bank, First Independence Bank, and SEFCU".