CEO Outlook: Google and Android Pay

JASON OXMAN

I’m excited to see ETA member company Google announcing today the launch of Android Pay. Accepted at more than 700,000 merchants, and enabling in-app payments for thousands more, Android Pay is the latest exciting payments technology announcement that makes mobile payments a reality here in the U.S. It also means that the operating systems that underlie 96% of the world’s smartphones now have a mobile payments platform ready to roll. And mobile payments security – from biometrics to tokenization – makes transactions the most secure they have ever been.

The list of payments processors that Google is partnering with is a who’s who of ETA member companies, including Braintree, CyberSource, First Data, Stripe and Vantiv, enabling brick and mortar and e-commerce retailers to activate Android Pay for their customers. Google has also partnered with ETA members Visa, MasterCard, Discover and American Express to make it easy for consumers to load their existing cards in Android Pay and pay by phone. And then ETA members AT&T, Verizon and T-Mobile are partnering with Google to make sure your new Android phone works with Android Pay as soon as you activate it.

Sense a pattern? ETA member companies are partnering together, making payments technology work! #Humblebrag

It’s so exciting to see the world’s best technology companies and payments leaders partnering together to make mobile payments a reality for consumers and merchants. Here at ETA, we are focused on making mobile payments work around the world, and we couldn’t be more excited about the future of payments.