Android Pay, GOOG’s new payment API, takes on Apple Pay & AAPL. But what IS Android Pay, how does it threaten Apple, and where does Google Wallet fit in?
Last week, Google bought Softcard for an undisclosed sum. The biggest plus for GOOG? All three major carriers will pre-install Google Wallet on their Android devices. With google wallet all of the carriers had refused to play nice so this is a big change and should give AAPL fans some caution.