February 23, 2024 at 01:53PM
Google is ending its standalone Pay app in the U.S., prompting users to transfer funds by June 4. The app, with over a billion downloads, will cease peer-to-peer payments in the U.S. The company advises users to switch to Wallet, offering broader digital wallet features. Cross-border transfers to India and Singapore through Wise won’t be supported after June 4.
Based on the meeting notes, here are the key takeaways:
1. Google is retiring the standalone Pay app in the United States, and users have until June 4 to transfer their balances to bank accounts.
2. Google Pay is a secure mobile wallet with over a billion downloads on Google Play and is utilized by people across 180 countries on various platforms.
3. The U.S. version of the standalone Google Pay app will continue with its regular features, including finding deals and getting cash-back rewards, until June 4, 2024.
4. After June 4, peer-to-peer payments through the app will no longer be supported for the U.S. market.
5. Users that fail to transfer funds out of the app by this date can still do so through the Google Pay website, with detailed instructions available in a guide.
6. Google recommends U.S. users to switch to the Wallet app, which offers a more comprehensive solution for storing payment cards and other digital items.
7. Google Wallet’s focus extends beyond payments to include a broader range of digital wallet functionalities, better matching the needs of the U.S. demographic.
8. Users who rely on Google Pay to send money from the U.S. to India or Singapore through Wise will no longer be able to do so starting June 4, and Google recommends using the Wise account for these transactions.