So you can pay with Google Pay after its new update

Google has a mobile payment service called Google Pay. Until now, this application was nothing more than the bridge between the NFC chip of your mobile phone and your cards. Google Pay has never stood out for offering more options than necessary to get the job done However, that's about to change. The North American company is willing to give everything in the field of payments and personal finance. For this reason, the new version of Google Pay comes with an expanded list of available functions and a completely redesigned look.

Google Pay is now more social and manages our money

The first noteworthy feature of the new version of Google Pay is its integration with our social circles When this update is a reality, from the Google payments application we can create groups with the objective of dividing expenses, transferring money to our friends or family and paying, remotely, in local businesses In this last field, it is logical to expect that Google will take advantage of the integration with Google contacts or with Google Maps. In this last section, for now, it warns that these functions will be available in 100,000 restaurants and 30,000 gas stations in more than 400 cities. Of course, at the moment all within the US territory.

Also, this new application is capable of helping us to manage our money in a simple way This includes improving our saving methods, through the linking our bank account Thus, a history of our transactions can be viewed, trends and summaries with periodic expenses will be shown. Google Pay also gains the ability to redeem offers at merchants and use promotional codes. For greater comfort, it will be able to detect in which business we are paying and apply the corresponding discount in each case.

Google insists that security and privacy is a priority

All services related to our money must be completely safe. How has the company addressed this issue in the new version of Google Pay? Well, by using the improved version of the service, we will be protected in theory with advanced security systems and we will receive an alert if a stranger makes payments with our card.

In reference to privacy, Google will analyze our data to personalize the user experience. However, unlike other services, this option is disabled by default and must be activated manually. It is interesting to note that when Google analyzes the transaction history of our card and bank account, it will not share this information with the rest of its services. Therefore, this option uniquely personalizes the user experience in Google Pay. Now, yes, it's up to you if you want to share as much information with the Internet giant.

The alliances with financial institutions have arrived

With the intention of offering more services, Google has gotten down to business and started working with renowned financial institutions to offer the Plex account.This new product is commission-free and can be used to reach savings goals faster. As is logical, by having Plex, the user can access all their information from the mobile application and manage their money easily. In this way, Google jumps on the bandwagon of financial services as other technology companies have already done, such as Apple with its Apple Card.

The rollout of these functions has already begun and expected to be completed in 2021 As we are moving forward, it will start in the United States and It will gradually spread to other territories. At the moment, the new version is available for Android and iOS in the North American market.