Google will be announcing a new payments interface for Android this May called Android Pay, a source close to the matter told Ars Technica. The platform, to be announced at Google's annual I/O software-developers' conference in May, will power in-store and in-app payments for third-party apps, reported the technology news website.
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Android Pay will allow companies to add a payment option to their mobile apps, according to Ars Technica, on which users can upload credit and debit card information.
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Users' payments will become single-tap transactions, and will enable any business adopting the Android Pay system, called an application programming interface (API), to permit tap-to-pay transactions in brick-and-mortar stores.