Amazon Pay vs Google Pay

Amazon Pay
Millions of Amazon customers can login and pay on your website with their stored account information on Login and Pay with Amazon can help you add new customers, increase sales and turn casual browsers into buyers. It’s fast, easy and trusted — leverage the Amazon brand to grow your business.
Google Pay
With Google Pay, you can simply unlock your phone like you normally do, place it near a merchant’s contactless terminal, and you’re good to go. Google Pay does all the heavy lifting. You don’t even need to open an app—just tap and go. You’ll also see a payment confirmation and get transaction details right on your phone.
Amazon Pay vs Google Pay in our news:

2018 - Android Pay becomes Google Pay

Google is uniting all of its different payment tools under the Google Pay brand. The company is rolling out Google Pay app for Android and introducing some new functionality that the company hopes will make its payment service ubiquitous — both in stores and on the internet. Google Pay home screen now shows you relevant stores around you where you can pay with Google Pay. In addition, Google is also launching a redesign of the Google Wallet app for sending and requesting money — and it’s now called Google Pay Send.  Thereby Google Pay becomes more location-based than Samsung Pay

2015 - Google launched Android Pay in US

Google has introducted Android Pay - the service which will let people use a "single tap" to pay for things either in apps or at brick-and-mortar stores. The new service will also integrate rewards programs for repeat customers. The existing Google Wallet service will pivot into a way to transfer money between people in a similar fashion to Venmo or Square. Google is playing catch up to Apple Pay, which debuted in September 2014. One of the biggest differences between this effort and its initial payments product are the deals that Google has struck. American Express, Visa, Mastercard, and Discovery are on board with Android Pay. The system also works in more than 700,000 stores in the U.S. that accept "contactless payments" as well as in apps for a variety of companies.

2015 - Google Wallet integrates with Shopify and other merchant platforms

Google Wallet mobile payment system is adding some key integrations with merchants and merchant platforms. Customers that use Android apps from Dunkin’ Donuts and Seamless, and merchants that build online stores through Shopify, will now all be able to access Google Wallet to make and accept quick payments. In November Google Wallet was also integrated with Papa John’s Android app, as well as merchant platforms ChowNow and Shopgate. But overall it has been a relatively slow rollout for Google Wallet: before today, there were only around 30 mobile sites and 30 apps integrated with the product. To date, the payment services of Google Wallet are restricted to U.S. users and businesses only, although the company has now started to extend the ability to transfer money, another aspect of Wallet, to international markets, opening it up to Gmail users in the UK.

2015 - Google acquired Softcard to power its Wallet to catch up with PayPal

Just after Samsung acquired LoopPay to challenge Apple Pay's increasing dominance in mobile payments, Google also makes its step. It announced that it has acquired technology from mobile payments app Softcard, and that Google Wallet will soon come pre-installed on Android phones from three of the four largest U.S. carriers later this year. Softcard app (like Google Wallet and Apple Pay) relies on near-field communications (NFC) for its mobile payments.  Google Wallet allows users to make purchases at brick-and-mortar retailers by tapping their phones on contactless payment terminals. Though it predates Apple Pay by a number of years, Google's NFC payments system never achieved the visibility of Apple Pay, despite positive reviews.

2014 - Amazon launches mobile card reader to compete with PayPal and Square

Amazon entries into the mobile payments market with Local Register - a card reader and mobile app for small businesses. The new product competes directly with companies like Square and PayPal in the fast-growing market for payment transactions. Local Register requires users to register, purchase a $10 card reader and download the free app, which is available through Amazon, Apple or Google. Once signed up, users receive the first $10 in transaction fees back, canceling out the initial cost of the reader. Amazon is launching the product with a limited time offer aimed at enticing businesses to sign up. Any company that signs up before October 31 will be charged 1.75% per swipe until January 1, 2016, below the 2.75% charged by Square and 2.7% charged by PayPal 's card reader program Here. Amazon's standard rate will be 2.5%.

2013 - Google integrates Wallet into GMail to challenge PayPal

Google Wallet was launched a couple of years ago as a futuristic payment service for offline stores via smartphone. However, this trick had no success (even in the US) due to the lack of NFC-smartphones among users and the lack of NFC-terminals in the stores. But not to loose the beautiful name, Google first combined Google Wallet with its online payment service Google Checkout, and now Checkout will disappear and Wallet will remain the only Google's payment service. Maybe it will be a surprise to you, but if you have bought something in the Play Market (app or book), then you already have a Google Wallet account. And soon, you probably will be able to send money to other Wallet users and receive money from them (like in PayPal). And you'll be able to do it simply by sending an email from GMail and attaching the desired amount (as shown in the video). For while this feature will be only available in the US.

2011 - Google Wallet: How it works to strike back at LoopPay

Today, Google has launched a new service - Google Wallet, which allows to pay for goods in stores with the help of a smartphone. Of course, it's more the future than the present technology even in US. But it's interesting to see how we'll pay in the future. For a user Google Wallet is a mobile application that is installed on a smartphone. In this application you enter your bank card details (or get a card directly from Google) and add your loyalty cards. Then, with your smartphone you go to the store and when approaching the point of sale, launch the Google Wallet application, enter your PIN-code, select a card, tap the terminal with your smartphone, and ... your money fly to the retailer.

Of course, in order all this work, the following conditions are nessecary:

1. Your smartphone should support the NFC (Near Field Communication) technology - i.e. must have the built-in NFC-chip for secure wireless communications. For now these are only few NFC smartphones, and Google Wallet works only on a single model - Sprint Nexus S 4G.

2. The Google Wallet application must be installed on a smartphone. Of course, Google will have no problem with Android-smartphones but with iPhones and Windows Phones they may have problems.

3. The store should have the NFC-terminal. For while in the U.S. only few retail chains have them

4. The card payment system should support such payments. With this everything is OK. Visa already supports them. Master Card - also, but so far only via City Bank.

5. The mobile operator should support the service to identificate the smartphone, from which the payment is made. While in the U.S. only Sprint works with Google Wallet.

Is it reasonable to replace the bank cards with smartphones, if everything is so complicated?

Yes, paying with a smartphone a little more comfortable than with a card. Because you still carry the smartphone and can leave multiple cards at home.

Yes, paying with a smartphone is safer, because it adds one more security level - PIN-code. And if you lose your phone, you don't need to block the card - you can remotely wipe it from your smartphone.

But the convenience and safety for users - are not the main reasons of why this technology is implemented. In fact, no one asks us. Google and retailers are willing to make large expenses to make us using smartphones as payment instruments.

For Google - it's a great opportunity to collect the data on consumer preferences and then show them relevant advertising. And retailers hope to turn our smartphones into magical devices that generates desire to buy and lets you forget that you have to pay money. After all potentially smartphone can not only pay for goods, but also present a product (when you tap it with your smartphone), notify us about new discounts, sales, etc.