Google Wallet – Old wine in new bottle?

by | Dec 25, 2023

People have begun to see Google Wallet on their phones, which will eventually replace Google Pay in several nations (more on that in a bit). Google has “begun rolling out the Wallet to Android users in 39 countries,” and it will be accessible “to all users over the next few days,” according to Google spokesman Chaiti Sen.

At its 2022 I/O event, Google unveiled Wallet, promoting it as an app to manage all of your digital cards. This includes not only payment-related cards like debit and credit cards (though it does store those), but also digital versions of your identification, immunization status, tickets, keys, and more.

Google Wallet was first introduced at Google I/O 2022 and is now beginning to be made available to the general public. The distinctions between the app and G Pay, Google’s other wallet-like software, have now been apparent as Android users are able to compare and contrast the two, despite the fact that there was initially a lot of early misunderstanding about how the two would vary.

Back in May, Google revealed plans to rebrand the Google Pay app as Google Wallet, replete with a sleek new look. Android phones are already beginning to receive the update.

Importantly, the new app continues to function in any store that accepts Google Pay, and all saved data—including payment cards, keys, and other information—remains intact. Google Wallet is just a rebranding of the app to mirror how iPhones operate: Wallet is the app for accessing everything, while Apple Pay is the payment system.

Google I/O 2022 saw the announcement of Google Wallet, which revives the moniker of the original Google payments tool. Wallet first appeared in 2011, was replaced by Android Pay in 2015, was replaced by Google Pay in 2018, and is now returning in 2022. The current state of Google’s unstable payment products—where the sort-of-outgoing product, Google Pay, has been available for little over a year—is the worst it’s ever been.

Despite the fact that Google Pay has been in existence for more than a year, a brand-new codebase was released by Google in March 2021. The software for “Google Tez,” a payment service created for India, was utilised to create this new version of Google Pay. The new Google Pay had one good amount of feature regressions when compared to the older version, such as losing support for logging in to multiple devices, having no support for multiple accounts, and being incompatible with anything that didn’t have a SIM card. As a result, the Google Pay website had to be rendered inoperable.

The employee exodus and the termination of plans to introduce Google bank accounts were caused by the disastrous Tez Google Pay implementation. After a year, it appears that the majority of those engaged with the Tez Google Pay deployment have departed Google, and the old app has returned with a fresh look.The old Google Pay software, which Google made US customers delete approximately a year ago, is being replaced with Google Wallet, which has the package name “com.google.android.apps.walletnfcrel.” Although it would be ideal, Google isn’t, at least not in the US, just rolling back everything to the previous codebase. Google has a fantastic plan in place for rolling out Google Wallet internationally. Only in the US and Singapore did the catastrophic New Google Pay (Tez) deployment occur, thus Google Wallet will eventually replace the outdated old Google Pay (walletnfcrel) everywhere. All of your Google Payment activities, including tap-and-pay and money transfers to contacts, can be managed via a single app.

Google doesn’t appear ready to fix the issue it created last year in the US or Singapore and instead wants the Google Wallet and New Google Pay applications to coexist. Tap-and-pay is always handled by Google Play Services, while P2P payments are handled by New Google Pay in the US (the feature that it is exceptionally bad at, due to things like no multiple account support). What is left for Google Wallet to do is display loyalty cards? a shortened form of Google Play Services? Wallet currently doesn’t have a lot of work to accomplish.