Google Wallet is an application, or app, for both the iPhone and Android smartphones. It allows users to fund their wallet account with money from their bank account. After that, they can send money securely and safely to other users of Google Wallet, or pay for online purchases. Users can also add credit cards to their account, as well as store their merchant loyalty cards.
Another feature of Google Wallet is tap and pay. Tap and pay uses Near Field Communication or NFC, to complete transactions wirelessly. This feature is available from merchants that accept MasterCard PayPass to users with an Android phone having Android OS 4.4 or later.
Google Wallet offers excellent security for its users, including unauthorized purchase security, as well as lost or stolen phone protection. Additionally, Google Wallet offers user PIN and payment encryption.