Google Wallet will soon allow its users to send money to anyone in their contact list, without the need for an email address.
An imminent update to the Google Wallet service will soon change how users are able to send and receive money; instead of the app requiring an email address or other contact details, all that will now be required is a simple phone number.
In the future, when a user elects this method to send money, a user will reieve a text message with a secure link which, once accessed, will require a user to enter a debit card number to secure the funds and will then be transferred into a checking account within minutes.
Presently, users who are invested in using Google Wallet are stymied by the fact that both transactional parties are required to have the app and a bank account linked to it in order to facilitate any kind of transfer.
There’s no word as yet on the arrival of Google Wallet or Apple Pay in South Africa, despite companies such as Samsung and LG joining the mobile payments party with Samsung Pay and LG Pay respectively.
What are your thoughts? Would you use Google Wallet were it available in South Africa? Be sure to let us know your thoughts in the comments below!