It seems like almost every hour, some new small-town bank in the US backwoods picks up support for Google Pay. Well over two thousand financial institutions already work with Google's payment platform, including all the big names you expect, but a few more of smaller stature have been recently added. For those with an account at one of the banks listed below, it's time to celebrate.
Not satisfied with receiving monthly sums for telecom services, T-Mobile wants to handle your money full-time. The wireless operator has quietly trial launched a banking service (if that sounds familiar, you have a sharp memory) that is currently rolling out on a limited basis. This time around, the service is called T-Mobile MONEY and it promises no account fees, no maintenance fees, no minimum balances, and a 1 percent annual percentage yield (in other words, the rate of return) on all balances, plus more for qualifying T-Mobile customers.
HSBC is one of the largest banks in the world, sitting ahead of Bank of America, Wells Fargo, and Citigroup, and right behind JPMorgan Chase. It's one of the few names we know here that also has a presence in Australia. HSBC's Australian branch has just begun to support Andr- I mean, Google Pay.
You guys clamor and complain about Simple not supporting Android Pay in the comments of every single one of these updated bank posts. Well, complain no more, as Simple customers can finally - yes, that word - use Android Pay. That is, if you're on an account with Simple's new partner bank, BBVA Compass.
Android Pay has slowly been growing to more and more regions, and now has finally reached the city of Hong Kong. This makes Hong Kong and Singapore the only regions in Asia supported by Android Pay.
Pay will be accepted at over 5,000 locations including 7-Eleven, Circle K, Fortress, McDonald's, and more. This works exactly like Android Pay in other regions; just install the app and you're good to go.
MasterCard and Visa cards are supported, as well as cards from BEA, DBS, Dah Sing Bank, Hang Seng Bank, HSBC, and Standard Chartered Bank. Online and in-app transactions with Android Pay also work. Google is also encouraging additional merchants to support Android Pay, so Hongkongers might have more locations accepting Android Pay in the near future.
Android Pay is cool and all, but if your bank or credit union isn't supported, it really doesn't matter. You can't take part in the fun.
Many of the big banks gained support first, catching headlines and impacting the largest number of users. Now we're seeing Android Pay make its way out to many of the financial institutions that serve as bedrocks of their local communities.
Samsung continues to push its Pay platform on every front, and according to the latest press release, it's working. The company claims that "about five million users" have used Samsung Pay to spend more than half a billion dollars. That's probably thanks to Samsung's unique system that doesn't require retailers to buy new payment processing hardware. A wide array of compatible banks, credit unions, and credit card companies probably doesn't hurt. Today Samsung announced that Wells Fargo, one of the largest American banks, is joining the program.
A mobile payment service is only useful if you can, you know, use it... which must be pretty disheartening for customers of smaller banks and credit unions. Each one of them needs to be certified with new payment systems before their customers can join in the "fun" of paying for stuff with their phones. Today Samsung Pay, the semi-proprietary system that's surprisingly interoperable thanks to some neat payment tech, adds a whopping 19 new Visa and MasterCard issuers to its list of compatible banks and similar companies.
Something I loved after signing up with Simple Bank was that the app offered super quick account access - once you signed in with a pass phrase, you needed only to enter a PIN to get to your account. It seems that Chase has (at last) found a way to provide at least a quick glimpse into your account.
While it doesn't provide full account access, Chase's latest update does give users the option to opt in to a pre-login account summary, where a simple gesture will give an overview of your account, without needing to enter your password and wait for the login to compete.