Google has launched Android Pay in Poland, nearly six months after the mobile wallet made its debut in the U.K. and Australia.
Processing Content
As of Nov. 17, consumers in Poland will be able to use Android Pay for contactless payments at the point of sale at more than 4,000 retail locations. The mobile payment app works on all Android devices that have Near Field Communication capabilities and operate on the KitKat 4.4 or higher operating system.
An attendee displays the Google Inc. Android Pay icon on a mobile device for a photograph during the Google I/O Annual Developers Conference in San Francisco, California, U.S., on Thursday, May 28, 2015. Google Inc. unveiled payment services, security upgrades and access to HBO movies and shows for its popular Android software, seeking to push back against growing competition from rivals such as Apple Inc. Photographer: David Paul Morris/Bloomberg
David Paul Morris/Bloomberg
After downloading the Android Pay app, users in Poland can add a Mastercard or Visa credit or debit card from Alior Bank, Bank Zachodni WBK or T-Mobile Banking Services, with other banks being added in the coming months, Pali Bhat, Google's global head of payment products said in a Nov. 17 blog post.
Android Pay made its debut in the U.S. in September of 2015, almost a year after Apple Pay became available to consumers.In bringing Android Pay to market, Google dismantled its original Google Wallet product, relegating the latter brand to P-to-P payments.
Google obtained the technology and intellectual property of the telcos' failed Softcard wallet about six months prior to the U.S. launch of Android Pay. As part of the deal, Google also made peace with the U.S. telcos, which agreed to support Google's wallet despite years of conflict.
Synchrony Financial joined the chorus of banks that were enjoying the healthy credit cycle as consumers maintained discretionary spending despite ongoing affordability concerns and persistent inflation.
Schwab directly or indirectly manages only 2% of the $37 trillion in U.S. wealth that could be in the hands of advisors, according to CEO Rick Wurster. The size of the opportunity means there is no need to compete with the firm's RIA clients.
The neobank fintech built investing services into its mobile banking app as it anticipates the potential of rollovers from newly-opened Trump Accounts.
In a new paper, the frontier model creator shares how its LLM processes information and generates responses. This could open doors to training, interpretability and governance issues for banks that aim to use it.
The central bank's long-held independence from government interference is under siege and its role as a regulator may be a wedge the president uses against it.
Two former mid-level employees at the Toronto-based bank received U.S. prison sentences for their roles in funneling nearly half a billion dollars through TD accounts.
