Google Wallet vs Google Pay: Key differences

Google Wallet has been officially unveiled in India. The digital wallet gives you quick access to movie tickets, boarding passes, loyalty cards, and other options.

You can now download and use the Google Wallet from the Play Store in India. However, you might wonder if Google Wallet replaces Google Pay or what the key differences are between the two digital services. Here are some of the key differences between Google Wallet and Google Pay

Differences between Google Wallet and Google Pay

Google Wallet provides a secure and convenient way to store essential items like boarding passes, loyalty cards, student IDs, event tickets, etc. This reduces the need to carry a physical wallet stuffed with cards and tickets, decreasing the risk of losing important items and providing a backup in case of a loss.

Google Pay is mostly used to carry out UPI (Unified Payments Interface) transactions with individuals or business vendors.

Google Pay is primarily meant for financial transactions. Google Wallet, on the other hand, is meant for non-financial needs. Despite the slightly confusing name for Wallet, both apps will co-exist in India with different functionalities.

In India, Google Pay is very popular as a payment platform for daily UPI payments through QR codes or UPI IDs. But, with Google Wallet users have a different payment option to perform digital transactions, mainly with debit and credit cards.

Google Pay remains your go-to for financial transactions. Google Wallet keeps your important documents and passes close at hand, all in one secure app.

This distinction might seem strange compared to the international version of Google Wallet, which includes payment features. But in India, Google Pay remains the dominant payment platform, and Google Wallet acts as a helpful companion app.