February 23, 2024 at 02:00PM
Google is discontinuing the standalone Pay app in the U.S., prompting users to transfer balances by June 4. Google Pay, with over a billion downloads, will continue with regular features until June 4, 2024. Peer-to-peer payments through the app will cease, and users can find instructions on transferring funds on Google Pay’s website. U.S. users are recommended to switch to the Wallet app, offering a more comprehensive solution. Cross-border payment transfers to India or Singapore through Wise will no longer be available, and Google recommends using the Wise account for such transactions.
Based on the meeting notes, here are the key takeaways:
1. Google is retiring the standalone Google Pay app in the United States. Users have until June 4 to transfer their balance to bank accounts.
2. The Google Pay app is a secure mobile wallet that allows users to send money to businesses or friends, make online purchases, pay bills, and earn rewards.
3. The retirement only affects the U.S. version of the standalone Google Pay app, and its regular features will remain available until June 4, 2024, including finding deals and getting cash-back rewards.
4. After June 4, peer-to-peer payments through the app will no longer be supported for the U.S. market.
5. Users who fail to transfer funds out of the app by the retirement date can still do so through the Google Pay website.
6. Detailed instructions on moving money out of Google Pay in the U.S. are available in a guide, and more details about the sun-setting process can be found on an updated support page.
7. Google recommends U.S. users to switch to the Wallet app, which offers more comprehensive solutions, including the storage of payment cards and digital items like transit cards and IDs.
8. For users who rely on Google Pay to send money from the U.S. to India or Singapore through Wise, this feature will no longer be available after June 4, and Google recommends using the Wise account for these transactions.