Google rebrands Pay by consolidating digital wallets

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"With Google Pay, it'll be easier for you to use the payment information saved to your Google Account, so you can speed through checkout with peace of mind".

That looks to change soon, as LG announced that LG Pay will make its way to the June, reports Yonhap News.

LG is speculated to bring the LG Pay feature as LG Wallet in the U.S. Earlier in this month, the South Korean company had released LG Wallet app in the Google Play Store.

While Android Pay is Google's high-profile payments app, Google Wallet is its peer-to-peer payments solution.

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LG Pay, LG's mobile payment system, has been a long time coming.

Obviously, Google is hoping that GPay will be able to compete straight up with Apple Pay. Android Pay was supposed to launch here at some point of time but then Google made a decision to launch a market-specific app called Tez here instead. There is no clarification on whether Tez will be rebranded to Google Pay or not. While LG may be bringing its mobile payment system to the United States, the company is still behind other competitors like Samsung and Apple. The reason why Android Pay has failed to make the cut till now, is because Google apparently believes that the service would make little sense here. Google Pay is very much like Apple Pay, although obviously instead of using an Apple device you are on an Android device.

As a recap, LG Pay lets you place your device near a payment terminal, approve of the purchase with your fingerprint, and wait for the transaction to be completed. This is of particular interest as Tez is based on the UPI interface. Google's Tez is different from Paytm in that you can't store money in the app. We'll update this article when and if we hear back from the company.