Google rolled out a big update to its Google Wallet app for iOS on Monday, which brings a few nifty new features and a welcome redesign.
Users can now send peer-to-peer payments, or cash out directly to a debit card — though Google is removing support for loyalty cards, gift cards, and offers with this update. You can export those here.
“Send money to anyone in the U.S. with an email address,” Google said of the new service. “It’s fast, easy, and free to send directly from your debit card, bank account, or Wallet Balance.”
“When you receive money, you can quickly cash out to your bank account using your debit card, or spend it instantly with the Google Wallet Card,” the company added.
— Google Wallet (@googlewallet) September 21, 2015
Emphasis is being placed on the ability to send money to people who don’t use the Wallet, though, for now, this feature is also still exclusive to U.S. users.
Other features that Google wants users to take advantage of include splitting expenses (i.e. at a meal or on a trip), managing the Wallet Card (accepted wherever debit MasterCard is and at ATMs), placing limits on spending, and setting up recurring transfers from your bank account.
With an increasing number of the apps that we already use on a daily basis starting to incorporate peer-to-peer payments — including Facebook and Snapchat — the “Wallet Wars” are just getting started. And Google wants to win.
You can grab the new iOS update here.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more