To add even more noise, there is a similar service from Samsung called Samsung Cash which lets you transfer cash between other Samsung Cash users using a prepaid Visa debit card on the backend. It
Google shuts down GPay app and P2P payments in the US
111–120 of 149 posts
Re: Google shuts down GPay app and P2P payments in the US
#112[flagged]
Re: Google shuts down GPay app and P2P payments in the US
#113I 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.
Keep in mind some of these are exempt from the now delayed US tax rules and some are not.
Zelle is on the exempt list but PayPal, Venmo, and cash app are not.
It’s going to be interesting when people start getting tax forms from all these companies and need to back track if they were tip splitting or getting paid for their side hustle.
Re: Google shuts down GPay app and P2P payments in the US
#114Earlier quoted context omitted.
I distinctly remember adding it to the Google Pay app at some point in the past. Checking my phone now, I see that i don't have Google Wallet, and instead there is an unbranded Wallet that may be on my phone? Just, what the actual F? Are those the same thing? If Wallet is a generic thing on my phone, do I want Google Wallet, which Google Pay is telling me I should be using to manage my credit cards, now?
As mentioned, there are multiple ways to access payment processing. Most people don't go to an app on their phone, they do it at the point of sale, likely by following a link from Drive or YouTube or TV or whatever to the web UI (pay.google.com in fact redirects to wallet.google.com). But the core secrets management and NFC handling app on your phone is and has been "Wallet", and the fact that you claim to be confuse…
The confusion is because "Android Wallet" was renamed to "Google Pay" quite a few years back, and only last year was renamed back to "Google Wallet". GPay was a separate app, yes, but it also linked directly into "Google Pay" for card management.
Re: Google shuts down GPay app and P2P payments in the US
#115Earlier 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
Sure, and that takes 24 hours to be processed (business days only). And IBANs are not very user friendly. In the US, this is solved by PayPal. Not sure what's taking so long for europe to launch a competitor.
Check SEPA Instant Credit :)
Re: Google shuts down GPay app and P2P payments in the US
#116Earlier 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
Sure, and that takes 24 hours to be processed (business days only). And IBANs are not very user friendly. In the US, this is solved by PayPal. Not sure what's taking so long for europe to launch a competitor.
> Sure, and that takes 24 hours to be processed (business days only)
There's SEPA instant now (that starts to be ubiquitous).
Re: Google shuts down GPay app and P2P payments in the US
#117Ironically, 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.
Apple has had apple cash sendable via imessage for years. They added sending it via bumping phones in ios 18
The other part of the new feature was that you don't need to share your phone number or other information to do it via NFC or whatever they use.
Re: Google shuts down GPay app and P2P payments in the US
#118Ironically, 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.
Then Google will inexplicably move the functionality from Wallet into their new GeminiPay or whatever app, but GeminiPay will only be available in half ths markets Wallet was in. Then in 5 years GeminiPay will be deprecated and Wallet will be brought back with half of its original functionality.
Re: Google shuts down GPay app and P2P payments in the US
#119[deleted]
Re: Google shuts down GPay app and P2P payments in the US
#120I 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.
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
One major difference is that the American banking market is significantly more fragmented as a policy choice compared to Europe. By share of deposits, the top four are JPMorgan Chase at 16%, BofA at 15%, Wells Fargo at 11%, and Citibank at 5%.
The fragmentation means it’s very difficult to get thousands of credit unions and smaller banks compliant with things, since the lesser regulations for these smaller institutions is a policy choice to let them survive and thrive. The US favors these to avoid market concentrations like the big cross border European bank failures in the financial crisis, and also because smaller banks lend more to small or rural businesses.