New hints suggest Google Pay could be set for a major change
A new Wallet icon has been spotted online
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Google’s plan to transformGoogle Payfrom a meremobile payments appto a “comprehensive digital wallet” could be one step closer to implementation now that a new “Wallet” icon has emerged.
As reported by9to5Googlewhich saw the icon in question, the search giant’s new “Wallet” icon makes use of the colors green, yellow, red and blue just likeGmail,Drive,Meetand the rest of the company’s other mobile apps.
However, unlike the current GPay logo that is made up of two multi-colored, interlocking arcs, the new icon features an actual wallet in blue with red, yellow and green cards inside it. At the same time, the new icon is less obvious than the Google Pay icon which features a multicolored “G” next to the word “Pay”.
Not only is the new icon a welcome sight compared to those of GPay and Google Pay but it also fits with Google’s plans to to turn Google Pay into a comprehensivevirtual walletthat goes beyond payments.
A comprehensive digital wallet
Following Google pulling the plug on its banking andpersonal financeservicePlexin October of last year, the company hired a formerPayPalexecutive to help reset its strategy.
Google now wants Pay to “become the connective tissue for the entire consumer finance industry” according toBloombergand this includes working together with partners in thecryptocurrencyspace.
Plans for Google Pay banking service pulled>Apple could be working on a whole host of financial and banking tools>Half the world’s population could be using digital wallets by 2025
As Google Pay transforms from a mobile payments app to a comprehensive digital wallet, the service could also be used to store “digital tickets, airline passes and vaccine passports” in a similar way toApple Wallet.
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While the new “Wallet” icon could end up replacing the current one for Google Pay, Google still has plenty of challenges to overcome when it comes to payments. This is because GPay is available in the US, India and Singapore while Google Pay is available in the rest of the world. Both apps also have different features as GPay includes support for peer-to-peer payments, purchasing transit passes, paying for parking and gas and more while Google Pay only shows a carousel of stored payment cards and passes.
Although the new “Wallet” icon gives an idea as to Google Pay’s future, we’ll have to wait until we hear more from the company itself regarding how its mobile payments app will be transformed into a comprehensive digital wallet.
Via9to5Google
After working with the TechRadar Pro team for the last several years, Anthony is now the security and networking editor at Tom’s Guide where he covers everything from data breaches and ransomware gangs to the best way to cover your whole home or business with Wi-Fi. When not writing, you can find him tinkering with PCs and game consoles, managing cables and upgrading his smart home.
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