Google Wallet cards are going to disappear from the market from Jun 30, according to an announcement made by Google. So if you are using this card out and about, seek out some strong alternative. Google has decided to do that because it wants to focus on its new Google wallet app launched last year.
Google, in its official blog post, writes:
“After careful consideration, we’ve decided that we’ll no longer support the Wallet Card as of June 30. Moving forward, we want to focus on making it easier than ever to send and receive money with the Google Wallet app.”
However, you can continue to purchase with this till then. From first May you won’t be able to add any money from your wallet balance from bank account or debit card. You can receive money from other accounts.
For all those whose Google wallet cards are still activated, they can activate the card and use it till the scheduled deadline.
Related Article: Charging Problem In Your Android Smartphone, 8 Secret Tips To Fix Like A Pro
Google has launched Android Pay as a rival of Venmo and Square Cash for peer-to-peer payments. It also makes sense because Android Pay has become the company’s new platform for mobile in-store and in-app purchases.
Certainly, Android Pay will streamline Google Wallet services to a great extent be it tapping your phone to an NFC reader or ordering food at KFC.
Google anticipates that its Android Pay Will be accepted by more than 700,000 physical stores and on over 1,000 mobile apps. However, it will work effectively only when merchants come on board in large numbers.
The decision has been taken as Alphabet is deciding to move away from less profitable divisions. It was found that Google wallet is actually losing money on each transaction because of the high transaction fee it has to pay to credit card companies.
