In a simple term, Google Wallet, a special service launched by Google in Bangladesh, can be used as our virtual wallet. The main purpose of Google Wallet is to provide Contactless Payment facilities, where we can store not only our bank card but also our ID, NID, and visiting card information.
By using Google Wallet, we can make payments in shops, restaurants, or institutions where NFC supported POS machines are used.
FAQs:
Is there an opportunity to make online payments through Google Wallet?
-> Since payments have to be made through NFC (Near Field Communication), it is said that there is no opportunity to make online payments. However, it is not possible to say whether Google will introduce an online payment feature in the future.
Can I make international payments through Google Wallet?
-> If the bank card has an endorsement, it can definitely be done, but there is an opportunity to use it outside the country. There is no opportunity to make online payments while sitting in the country at the moment.
Are Google Wallet and Google Pay the same?
-> Google Pay is an app used for P2P or Person to Person money transfer. And Google Wallet is an app used for saving Digital Items and get Contactless Payment facilities. Payments are made using the payment cards stored in Google Wallet through Google Pay. However, if we review Google’s recent activities, it can be said that Google Pay’s rebranding app is Google Wallet.
Has Google Pay arrived in Bangladesh or has Google Wallet arrived?
-> There is no opportunity to consider Google Wallet as Google Pay. Again, there is no need to argue about the two. Because Bangladesh Bank has some rules and regulations to prevent money laundering, which in many cases question the operational work of such applications. Google itself is gradually narrowing down the activities of Google Pay.
Can transactions be made through Google Pay in other countries?
-> Only in India and Singapore can do person to person transactions through Google Pay. In the USA, cash can only be withdrawn from a bank account linked to Google Pay. However, it must be your own bank account. Apart from that, Google Pay is not used anywhere else in the world.
Is there a possibility of Google Pay launch to Bangladesh?
-> Google Pay has already limited its use in the USA and is instructing Google Pay users to use Google Wallet. This means that Google is limiting the number of Google Pay users. That means, it is unlikely that Google Pay will be open to Bangladesh.
Summary:
Although Google Pay is a special service from Google, is is not available in all countries. Besides, it is available in India and Singapore. But, lmited features are being used in the USA, which are now being used through Google Wallet. That means, Google has limited the features of its Google Pay and is not opening it to any new country. Along with this, Google has brought the Contactless Payment facility to our doorstep through Google Wallet. It can be said that the fear of carrying a credit/debit card in your pocket or losing the card is now over.
