This is what enables the company to offer a lot of the other new features in the app. The basic idea here is similar to that of other personal finance aggregators. At its most basic, it lets you see how much money you spent and how much you still have.
But Google is also using its smarts to show you some interesting insights into your spending habits. You can see how much you spent this week compared to a typical week. If you regularly take photos of your receipts, you can also now search through these from Google Pay and drill down to specific things you bought — as well as receipts and bills you receive in your Gmail inbox. If you opt in, these offers can also be personalized.
The team also worked with the Google Lens team to now let you scan products and QR codes to look for potential discounts. As for the core payments function, Google is also enabling a new capability that will let you use contactless payments at 30, gas stations now often with a discount. Not every city is Portland, after all, and has a Parking Kitty. The first partner was Citi Mastercard - but since then, Google Wallet has barely made any progress. It is still limited to the US, with no signs of being extended beyond those shores.
And with more than 10m NFC-enabled iPhones having been sold and distributed worldwide, of which perhaps half have gone to the US, the question is: how effectively will Apple Pay compete with Google Wallet?
Google declined to give the number of downloads of Google Wallet, which is available as a download from Google Play. It is region-controlled, and so cannot be installed on devices outside the US.
The current number of downloads shows as between 10m and 50m - offering a wide margin for error. However, based on download figures on the Google Play store, the total installed base is less than 20m. Download milestones recorded on the Internet Archive show that it passed 1m in August , 5m download by March and passed 10m downloads between 4 October and 9 October Based on that data, the growth in downloads fits a straight-line extrapolation, which yields this graph:. The integrations with Gmail and Photos are off by default and need to be activated by users who are interested.
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