What has changed?
The new Google Pay is an app that consumers and businesses can use to send and receive money instantly without any specific hardware. For individuals, it means they can send money to their contact list. Businesses can accept payments with their name or a QR code. This means Google Pay now focuses on hardware-free payments as opposed to payments made to a card terminal. The difference from the old Google Pay is massive, not only in features and focus, but in the effects it will have on the market.