# Google Wallet + Virtual Cards

**Published by:** [jelca thinks](https://paragraph.com/@jess/)
**Published on:** 2022-05-15
**Categories:** fintech
**URL:** https://paragraph.com/@jess/google-wallet-virtual-cards

## Content

Google launched its digital wallet and virtual cards at latest developer conferencefirst payments related movement from Google since Plex was scrappedteamed up with 11 banks for users to choose which bank they want to open an account withall integrate into Google Payprevious attempts with Google Paytraction in Indiastruggles everywhere elselots of competition with Apple, SamsungFeatures of this launchdigital walletcan save non-card items like flight tickets, vaccine cardslike Apple Walletintegrate with other apps and servicestransit balance shows up for google mapsgoogle payP2P paymentssupports crypto as a payment optionfiat onlyadd a crypto cardno wallet integrationsvirtual cardsauto-fill increasing in securityconvert cards to virtual for shoppingdynamic CVVsupport for Capital One, Visa, Amex, Mastercarddata NOT used for adsHistory of Google Payments Products Google Wallet launched in 2011 as a mobile payment service app (tap to pay)restrictive - needed a Citi MasterCard Account or Google Prepaid Card.Android Pay was next in 2015easier to use but still contactless payGoogle Wallet Card discontinued. Google Wallet merged with Android Pay. Gave birth to Google Pay in 2018contactless in person payments + P2P payments onlinewas the Android walletGoogle Pay Wallet became Google Pay Send for P2P. This was discontinued in 2020India: Google Tez. Basically Google Pay on steroids with messaging features, personalized offers, better softwareOld Google Pay discontinued in April 20212022 / Today: Google Wallet returns! Plus Wear OS. Store debit/credit cards, other cards. Replaces Google Pay completely. Indian users will continue as Google Pay though.Google's strengths and strategiessearch and online servicesfat balance sheetno feesNOT a bankGoogle's plays in payments haven't been as flashy as Apple / PayPal / other fintechspartnership approach - build an open ecosystem, leverage shared data. that is google's strength~ connective tissue ~enabler of ecosystemsno fees = hook to get people to use Google's bread and butter more (search & online services)payments part of their funnelpart of the commerce experience / journeyNew hire: Arnold Goldberg, Google Payments GMex-PayPal executive (8 years running merchant business)joined in January to build the Google financial platform

## Publication Information

- [jelca thinks](https://paragraph.com/@jess/): Publication homepage
- [All Posts](https://paragraph.com/@jess/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@jess): Subscribe to updates

## Optional

- [Collect as NFT](https://paragraph.com/@jess/google-wallet-virtual-cards): Support the author by collecting this post
- [View Collectors](https://paragraph.com/@jess/google-wallet-virtual-cards/collectors): See who has collected this post