Alternative Payment Solution: Android Pay

2017-05-15
Price :
Published : May-2017
No. of Pages : 20

Alternative Payment Solution: Android Pay

Summary

Android Pay is a mobile payment solution launched by Google in September 2015, as an extension to the Google Wallet. The solution is accepted at more than 2.5 Million retail outlets globally, and supports all major payment networks, including American Express, MasterCard, Visa, and Diners Club. It is supported by more than 650 banks and credit unions in the US, including major banks such as American Express, Bank of America, Capital One, Chase, Citi, HSBC, UBS, and Wells Fargo.

At present, the solution is available in 10 markets: the US, the UK, Singapore, Australia, Hong Kong, Belgium, Ireland, Japan, New Zealand, and Poland – with plans to expand further into other European countries and Canada. The solution works with all NFC-enabled Android mobile phones running Android 4.4 KitKat or later, and watches running Android Wear 2.0. In addition to in-store payments, Android Pay offers in-app payments and also supports cash withdrawals at ATMs.

Users can store details of multiple debit, credit, and store cards on Android Pay, which can be used to make payments at merchant outlets. In addition, Android Pay has collaborated with banks including Bank of America, USAA, Bank of New Zealand, Discover, and mBank to integrate the solution into these banks’ own mobile apps.

In May 2016, Android Pay expanded into online payments, allowing users to shop at participating websites on the Google Chrome browser using an Android phone. To expand its online payment services, in October 2016 Android Pay partnered with Visa and MasterCard, allowing users to make payments at hundreds of online merchants that accept payments through Visa Checkout and MasterPass.

The report “Alternative Payment Solution: Android Pay” provides information and insights into alternative payment solution Android Pay, including –
– Detailed insight into its business and geographical presence.
– Comprehensive coverage of its products and services.
– Comparative assessment with key alternative payment solutions.
– Information on its performance, including its revenue model.
– The company’s important events and milestones.

Companies mentioned in this report: Apple Pay, Samsung Pay, Bank of America, PayPal, Bank of New Zealand, Bank of Scotland, Standard Chartered Bank, HSBC, China CITIC Bank International, ANZ, American Express, Bank of East Asia, mBank, Royal Bank of Scotland.

Scope

– Android Pay was launched in the US on September 2015, and expanded its services into nine other markets: UK, Singapore, Australia, Hong Kong, Belgium, Ireland, Japan, New Zealand, and Poland – with plans to expand further into other European countries and Canada.
– Android Pay supports all major payment networks, including American Express, Visa, MasterCard and Discover.
– In 2016, estimated in-store transactions worth US$8bn were run through Android Pay.
– In February 2017, Android Wear 2.0 was launched, which allows users to make payments using Android Pay on their watch.

Reasons to buy

– Gain insights into Android Pay’s business operations, geographical presence and key events.
– Gain insights into its product portfolio and revenue model.
– Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Filed in: Banking & Finance
Publisher : GlobalData
More Reports
Title Price Buy Now

Competitor Profile: Monzo

Competitor Profile: Monzo Summary This report provides information and insight into Monzo, including comprehensive coverage of its products and services, comparative assessment with key competitors, information on its performance and revenue model, and important events and milestones. Monzo is a provider of mobile retail and business banking services. By offering retail banking services within a banking app, it enables customers to see all their financial information in an intuitive and engaging way. Monzo partners with a number of different companies to offer a full banking experience. Scope - Monzo now boasts over 2 million customers. - The bank has raised over $350m in funding and is valued at over $1bn. - Monzo started offering business accounts from February 2019. Reasons to buy......
$350

Payments Landscape in Oman: Opportunities and Risks to 2022

Payments Landscape in Oman: Opportunities and Risks to 2022 Summary GlobalData's 'Payments Landscape in Oman: Opportunities and Risks to 2022' report provides detailed analysis of market trends in the Omani cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, and cheques during the review-period (2014-18e). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes. ......
$2750

Payments Landscape in New Zealand: Opportunities and Risks to 2022 (including Consumer Survey Insights)

Payments Landscape in New Zealand: Opportunities and Risks to 2022 (including Consumer Survey Insights) Summary GlobalData's 'Payments Landscape in New Zealand: Opportunities and Risks to 2022 (including Consumer Survey Insights)' report provides detailed analysis of market trends in New Zealand's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, and cheques during the review-period (2014-18e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information o......
$2750

Governance, Risk and Compliance – The Maltese Insurance Industry

Governance, Risk and Compliance - The Maltese Insurance Industry Summary GlobalData's 'Governance, Risk and Compliance - The Maltese Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Malta. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal syste......
$950

Strategic Market Intelligence: Life Insurance in the Philippines – Key Trends and Opportunities to 2022

Strategic Market Intelligence: Life Insurance in the Philippines - Key trends and Opportunities to 2022 Summary GlobalData's 'Strategic Market Intelligence: Life Insurance in the Philippines - Key Trends and Opportunities to 2022' report provides a detailed outlook by product category for the Philippine life insurance segment. It provides values for key performance indicators such as written premium, gross claims, total assets and total investment income during the review period (2013-2017) and forecast period (2017-2022). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Philippine economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together GlobalData's ......
$3999

Strategic Market Intelligence: General Insurance in the Philippines – Key Trends and Opportunities to 2022

Strategic Market Intelligence: General Insurance in the Philippines - Key trends and Opportunities to 2022 Summary GlobalData's 'Strategic Market Intelligence: General Insurance in the Philippines - Key trends and Opportunities to 2022' report provides a detailed outlook by product category for the Philippine general insurance segment. It provides values for key performance indicators such as written premium, penetration, and loss ratio during the review period (2013-2017) and forecast period (2017-2022). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Philippine economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together GlobalData's research, modeling......
$3999

Strategic Market Intelligence: Reinsurance in the Philippines – Key Trends and Opportunities to 2022

Strategic Market Intelligence: Reinsurance in the Philippines - Key trends and Opportunities to 2022 Summary GlobalData's 'Strategic Market Intelligence: Reinsurance in the Philippines - Key trends and opportunities to 2022' report provides a detailed outlook by product category for the Philippine reinsurance segment. It provides values for key performance indicators such as premium ceded, and cession rates, during the review period (2013-2017) and forecast period (2017-2022). The report gives a comprehensive overview of the Philippine economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together GlobalData's research, modeling and analysis expertise, giving reinsurers access to information on segment dynamics and co......
$3999

Competitor Profile: Scalable Capital

Competitor Profile: Scalable Capital Summary Scalable Capital is a digital investment management firm. It creates and manages globally diversified ETF portfolios for its clients to help them achieve their long-term financial goals, supported by proprietary risk management technology. Scalable Capital is available in four countries: Germany, the UK, Austria, and Switzerland. The report provides information and insight into Scalable Capital, including - - Its business and geographical presence. - Comprehensive coverage of its products and services. - A comparison against key competitors. - Information on its revenue model and market potential. - Important events and milestones. Scope - In 2016, Scalable Capital launched in Germany, the UK, and Austria. - In March 2017, Scalable Capital ......
$350

Competitor Profile: Tandem

Competitor Profile: Tandem Summary Tandem is a provider of mobile retail banking services. Its banking app enables customers to see all their financial information in an intuitive and engaging way. It currently offers a cashback Mastercard credit card, a Mastercard credit card for people with limited credit histories, and a range of fixed-term savings accounts. This report provides information and insights into Tandem, including - - Detailed insight into its business and geographical presence. - Comprehensive coverage of its products and services. - Comparative assessment with key competitors. - Information on its performance, including its revenue model. - The company's important events and milestones. Scope - In November 2015, Tandem was launched in the UK. - In August 2017, Tandem ......
$350

UK Insurance Aggregators 2019

UK Insurance Aggregators 2019 Summary "UK Insurance Aggregators 2019", report explores the ever-changing consumer purchasing behavior through price comparison sites. It identifies what is most influential to customers when selecting a policy through this channel and reveals the brand strategies of the four leading sites. Their distinct approaches to advertising are also highlighted, as well as the key factors that will influence the market over the coming years, including regulation and new technology. The percentage of consumers conducting research on price comparison websites at renewal increased in the motor and pet lines, while home and travel insurance saw declines. Motor insurance, the biggest market for aggregators, posted a rise of 4.5 percentage points. This trend was replicate......
$3450
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy