"With Google Pay, it'll be easier for you to use the payment information saved to your Google Account, so you can speed through checkout with peace of mind", said Pali Bhat, VP of Product Management, Payments at Google. LG Pay was fist launched in South Korea in June of past year.
Google announced this week the company will combine the ways consumers can pay with Google, including Android Pay and Google Wallet, into one brand-Google Pay.
While Android Pay is Google's high-profile payments app, Google Wallet is its peer-to-peer payments solution.
LG Pay, the mobile payment and digital wallet solution from LG has been available in South Korea since a year ago in June.
Obviously, Google is hoping that GPay will be able to compete straight up with Apple Pay. Android Pay has yet to be updated with the new branding, while Google Wallet is still available. This allows users to touch a smartphone to a credit card device for the final connection, which may give it the same advantage of wide-scale acceptance that gave Samsung Pay something of an edge. Google is also running limited period offers with B&H, Fandango, and Instacart.
Google Pay is still in its early stage of roll out, and things will gradually take shape in the coming days. Since Android is the most used operating system in the mobile world, are you excited to see what the future holds for this new mobile payment option?
Last September Google launched a new payment app called Tez designed for the Indian market. Samsung is LG's biggest competition in South Korea, even more so than Apple or Google.
Tez uses UPI (Unified Payments Interface) and is created to work with all major banks, including Axis, HDFC Bank, ICICI and State Bank of India.