Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Google shuts down GPay app and P2P payments in the US

9to5google.com

Post reply on HN
Print view View original

71–80 of 149 posts

Re: Google shuts down GPay app and P2P payments in the US

#71

Post by niij »

tacocataco wrote: post #21

I am exhausted switching services. please can we pick one and be done with it? How about adversarial integration? Why can't I send money from cashapp to venmo? Is the technology not there yet? I wish the post office was a bank and they hosted their own pay apps.

FedNow is being implemented now across the industry. It is the "SEPA" for the USA. It will replace the 3rd party hacks (covering up the slow and tedious nature of ACH) that currently exist via Venmo, Cashapp, Zelle[0], etc

[0]: Zelle is ran by a consortium of FIs. I don't know for certain what will happen to it, but I suspect if it stays around in name it would switch to the FedNow rail behind the scenes.

Re: Google shuts down GPay app and P2P payments in the US

#72

Post by Bluestein »

jackson1442 wrote: post #26
taeric wrote: post #3

I know the common joke is that Google made a mess of their messaging apps. I 100% am not clear what the correct app is to be able to do tap to pay from my phone. Kind of comical how hard that is to figure out.

The best part is GPay also included a messaging component. It was close to feature parity with Google Allo.

(This might not be the place for it but ...

DAE remember Google Wave?)

Re: Google shuts down GPay app and P2P payments in the US

#73

Post by Bluestein »

dgellow wrote: post #48
sa-code wrote: post #34

Earlier quoted context omitted.

In Europe people can send money from any bank to any bank through IBAN numbers (your bank account number) Not sure what's taking so long in the states

There is even a QR code standard for SEPA transfers: https://en.wikipedia.org/wiki/EPC_QR_code

TIL. Many thanks.-

Re: Google shuts down GPay app and P2P payments in the US

#74

Post by KorematsuFredt »

kmeisthax wrote: post #19

Ironically, Apple just announced P2P payments. Which means this is almost certainly a temporary closure. Google will almost certainly relaunch with a new name, branding, and UX that rides on the coattails of Apple's marketing efforts, but P2P will be coming back. If you're competing with Apple, you can't just not do a thing Apple is doing.

P2P is a loss making feature for nearly everyone involved. If you have some other way to obtaining users and maintaining growth, you are better off not supporting P2P payments.

P2P payments are also extremely tiny portion of revenue.

Re: Google shuts down GPay app and P2P payments in the US

#75

Post by knallfrosch »

taeric wrote: post #3

I know the common joke is that Google made a mess of their messaging apps. I 100% am not clear what the correct app is to be able to do tap to pay from my phone. Kind of comical how hard that is to figure out.

Just search "bank name" on the Android store.

Re: Google shuts down GPay app and P2P payments in the US

#76

Post by Cu3PO42 »

smartician wrote: post #43
sa-code wrote: post #34

Earlier quoted context omitted.

In Europe people can send money from any bank to any bank through IBAN numbers (your bank account number) Not sure what's taking so long in the states

IIUC the EU basically had to force banks to implement this via a mandate. I don't see "business friendly" US lawmakers doing the same anytime soon. The joys of the Free market™!

I mean, yes, it was mandated, but I am decently confident a usable system would have emerged one way or the other. In Germany we had a standardized API for online banking (HBCI) just because banks agreed it would be reasonable to do that.

Re: Google shuts down GPay app and P2P payments in the US

#77

Post by tempest_ »

mdhb wrote: post #61
tacocataco wrote: post #21

I am exhausted switching services. please can we pick one and be done with it? How about adversarial integration? Why can't I send money from cashapp to venmo? Is the technology not there yet? I wish the post office was a bank and they hosted their own pay apps.

I think this is a US centric thing maybe because the banking infrastructure is decades behind everyone else

Yeah, I think that is why I see less venmo/cashapp in Canada.

Most(maybe all?) banks offer interact e-transfers and you can can send it to an email or phone number and be done.

Re: Google shuts down GPay app and P2P payments in the US

#78

Post by jstummbillig »

kmeisthax wrote: post #19

Ironically, Apple just announced P2P payments. Which means this is almost certainly a temporary closure. Google will almost certainly relaunch with a new name, branding, and UX that rides on the coattails of Apple's marketing efforts, but P2P will be coming back. If you're competing with Apple, you can't just not do a thing Apple is doing.

Google does a lot of things that Apple doesn't, and vice versa.

Re: Google shuts down GPay app and P2P payments in the US

#79

Post by tiltowait »

jp57 wrote: post #52
lxgr wrote: post #41

Earlier quoted context omitted.

I think it's most likely still going to be sending money "via iMessage" (or more precisely: via a book transfer between two Green Dot Visa prepaid card accounts, addressed by an iCloud address and initiated over iMessage in UX terms).

What is new here exactly? This is AppleCash, which has been around for years.

I was/am a little confused, too, but Apple specifically called out not needing to share phone numbers/contact info, so that’s probably it.

Re: Google shuts down GPay app and P2P payments in the US

#80

Post by SirMaster »

tacocataco wrote: post #21

I am exhausted switching services. please can we pick one and be done with it? How about adversarial integration? Why can't I send money from cashapp to venmo? Is the technology not there yet? I wish the post office was a bank and they hosted their own pay apps.

I've been using PayPal to send and receive money from friends and family since basically forever.

Why anyone ever used anything else is beyond me.

Post reply on HN