Google Wallet

Google Wallet is a peer-to-peer payments service developed by Google that enables users to send money to anyone in the US using an email address or phone number. It's fast, easy, and free to send directly from debit cards, bank accounts, or Wallet Balances.

All this can be done through the Google Wallet app, on Gmail, or at wallet.google.com. In the UK, users can send or request money only through Gmail but they can currently not send or receive money between the US and UK. Furthermore, a user’s Wallet Balance cannot be used to make purchases with Android Pay. But it can be used to send money to friends, as well as make online purchases on Google Play.

Once the money is received it can quickly be cashed out to bank accounts using debit cards. Users get real-time notifications on their phones every time they receive money. And when they get requests for money, they can quickly settle up straight from the notification. As far as security goes, the Google Wallet app can only be accessed with a Google Payments PIN.

If a phone is ever lost or stolen, users can instantly remove access to their account on that phone at myaccount.google.com. The new Google Wallet app is available on Google Play for Android phones and tablets running Android 4.0 or above. It is also available from the App Store for iPhones and other iOS devices running iOS 7.0 or above. Anyone with an iPhone and receives automatic updates should have their current Google Wallet app automatically updated to the new Google Wallet app.