Google creates Virtual Wallet: Now store Credit Cards, Car Keys in ‘Wallet’ App

- Advertisement -

New Delhi : Google introduced the new Google Wallet during the Google I/O 2022.

As the name suggests, this new product aims to replace your wallet by becoming secure storage space.

Advertisements

This won’t just store a digital image of the required document like a credit card or driver’s license.

There are other manufacturers who also use similar technology.

Advertisements

For instance, Apple Pay, let’s the user store their credit cards on the phone and pay using just their phone.

In the Android universe, Samsung Pay also offers a similar digital wallet-like app.

Advertisements

What is a digital wallet?

A digital wallet is an application that holds digital versions of the physical items you usually carry around in your actual wallet or purse.

Advertisements

What will Google Wallet offer?

Google claims that it will be very hard for someone to take your phone and use your Google Wallet.

Advertisements

It will also be tough to take your card and add it to their own phone.

In order to make it safe, there will be communication with your financial institution. They will then verify who you are before you can add a card to your phone.

Advertisements

Once that’s done, you can set a screen lock. Additionally, Google claims that if a user loses their device, they can remotely locate, lock or even wipe it from “Find My Device.”

You can also pay with the cards stored in your Google Wallet in stores where Google Pay is accepted.

Advertisements

Additional features of Google Wallet

You can also save your boarding pass for a flight to Google Wallet. It will also notify you of delays and gate changes. Another instance is a concert.

Advertisements

You will receive a notification on your phone beforehand, reminding you of your saved tickets.

The Google Wallet also works with other Google apps — for instance, if you’re taking the bus and look up directions in Google Maps, your transit card and balance will show up alongside the route.

Advertisements

If you’re running low on fare, you can tap and add more.

Even if you lose your credit or debit card and you’re waiting for the replacement to show up, you can still use that card with Google Wallet because of the virtual number attached to it.

Advertisements

With the Google Pay app you can do more payments-focused things like send and receive money from friends or businesses, discover offers from your favorite retailers or manage your transactions.

Advertisements
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest

- Advertisement -

More Articles