Google Wallet: simplify financial transactions

Joseph ComoMisc., Website Tools, Website Trends

Google is growing and coming out with fresh and new ideas. Google, recently updated its Wallet app for all iOS devices. The newly updated Google application will now let its users receive and send money to anyone they wish here in the U.S.A! How cool! The new app is expected to release on September 28th 2015.

Version 10.16.10 of Google wallet iOS will give mobile users the freedom to control how and where transactions are completed. Users can process transactions with anyone in the U.S by simply using the recipient’s email address. This latest version does not require the recipient to have the Google wallet app in order for the transaction to be processed.

The Google wallet app will also keep users updated on how much money they receive and spend.  However, tech users who would like to try the app and have the simplicity of banking on the go will have to accept the user agreement set by Google.  For external purposes, Google will keep your information for ‘examination purposes’.

As convenient as this app may seem, I’m not sure if I would feel comfortable giving away my account information, what I buy or, who I talk too. Perhaps you’re the same way. Whatever your view may be, Google is honest and upfront on how they collect the information and how they use the information they collect.

Here is an excerpt of Google’s privacy policy;

When you contact Google, we keep a record of your communication to help solve any issues you might be facing. We may use your email address to inform you about our services, such as letting you know about upcoming changes or improvements.

We use information collected from cookies and other technologies, like pixel tags, to improve your user experience and the overall quality of our services. One of the products we use to do this on our own services is Google Analytics. For example, by saving your language preferences, we’ll be able to have our services appear in the language you prefer. When showing you tailored ads, we will not associate an identifier from cookies or similar technologies with sensitive categories, such as those based on race, religion, sexual orientation or health.

Our automated systems analyze your content (including emails) to provide you personally relevant product features, such as customized search results, tailored advertising, and spam and malware detection”.


So if you don’t mind having even more ads tailored to your liking, feel free to use the Google app and sign up. Chances are if you have a Gmail account, Google already knows who you are and it may not impact you. If you travel a lot, perhaps the new Google app is for you. Users will expect a whole new level of financial independence, keeping track of transactions and continued fraud-monitoring that will cover all verified and unauthorized transactions.