Google Wallet beat Apple to the payment game by a couple of years, but Apple Pay was ultimately a bigger success. The new Google Wallet will focus more on sending and receiving money, much like Squarecash or Venmo. I'm not sure how successful this version will be.
Google Wallet, the company's NFC payment option that competes with Apple Pay and more conventional rivals like Paypal, is getting a facelift. As reported back in March, the tech giant is splitting its NFC payment capability into a new app called Android Pay—which means Google Wallet now looks a lot like Venmo. The new Google Wallet, which launched this week, is a peer-to-peer payments app that has just one feature: the ability to send money to a Google account from your debit card, bank account, or Google Wallet balance. This functionality was previously offered in the Google Wallet app, but it will not be available in the Android Pay app which debuted this week.