According to the latest data, 42% of Spaniards have used their mobile to pay in an establishment without contact from their smartphone, as specified in a study carried out by PecunPay in collaboration with Visa. The vast majority of current Android mobiles are compatible with this type of payment, and they are becoming popular, as has already happened with Bizum.
Thanks to apps like Google Wallet or Samsung Payyou can use your mobile as if you were using a debit card, and it is a method that is increasingly used, since data has gradually increased since 2020.
This type of payment is already compatible with many businesses, although it is true that some are still in the process of adapting. One of its main advantages is the convenience it offers regarding the cardalthough there are certain requirements to be able to use this mode on Android.
An upward trend
The Europe Payment Trends Study by Pecunpay and Visa reveals that users in Europe are increasingly using their mobile phones to pay for purchases. There is a 5% growth compared to 2021 data and 8% compared to those of 2020. Even if it is still not the preferred method of users, since this position is reached by the debit card, which is the first option for 55% of respondents.
However, they position themselves as the preferred form in the age group between 18 and 29 years. Another interesting fact revealed by the study, 70% of users who use their mobile phone as a card do so frequently.
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Institutions in which respondents use this method the most it is in food stores, with 53.4%; catering establishments with 24.8% and fashion stores with 12%. According Antonio García Cruz, CEO of Pecunpay, the rapid acceptance by businesses of contactless payments is one of the main reasons for its increased use.
What is missing
The first thing you need to know to pay with your mobile is that there are several platforms that allow you to do so on Android. The most popular is Google Wallet, which can be used on all compatible Android phones. Alternatives from Samsung and Huawei, on the other hand, are only available for mobiles from these companies. There are also banking apps like BBVA portfolio, Santander Wallet or ING Wallet They work independently of Google’s portfolio.
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At the component level, the platform Google requires the presence of an NFC chip on mobile. This must have an Android version greater than 7.0 Nougat. It is also essential that the device has updated Google Play Services.
There are Android applications such as NFC Check which allow each device to be checked whether it can be used to pay and whether it is compatible with the Google method. On the other hand, the bank in question must also be compatible with this modality. The Google service is able to work with a large number of banks and cards such as BBVA, ING, Caixa, Ibercaja, N26, Abanca or Banco Sabadell, among others.
How to set up payments
To use Google Wallet, which is the common platform for all Android phones, it is necessary to download the application from Google Play. It’s necessary enter the card data you want to save in the appyou should therefore have it on hand before starting the configuration.
When you enter the application, you need to click on the Add to Wallet button at the bottom, after which you must select Payment card. Then the mobile camera will start taking this data automatically by pointing to the map, although it can also be entered manually.
These are the card number, the name and surname of the cardholder, the expiry date and the CVV code. It is important to keep this data in absolute confidentiality, so you should avoid sharing it. If they are already registered in Google Pay, they will be automatically filled in minus the CVV code, which will need to be entered anyway.
If the data is correct, You will need to sign in to the bank app to accept the Google Wallet request. Once confirmed, the card will be added. Before you start, you need to open the banking app and find the option to enable mobile payments. To confirm the identity of the user, the bank will send a confirmation SMS.
What are the risks
Keep in mind that you pay with Google Wallet the same as when done with the card using the chip. In other words, you just need to bring it closer to the part activated for it in the dataphone of a company, a gas station or any establishment with a compatible point of sale.
However, contactless mobile purchases are even safer than with a conventional card. This payment method cannot be used without unlocking the mobile.l, so even if it is lost or stolen, it cannot be used for this.
In the case of cards, anyone can take it to a dataphone and make a purchase without the owner’s consent. As with the latter, if the amount is less than 20 dollars, it will not be necessary to enter the PIN code. Google Wallet puts a barrier before making the payment, such as biometric or code unlock.
When using the card at a merchant, Google sends a virtual account number to the merchant during checkout, not the number of the card that was used. This data remains safe on Google’s private servers. Purchase information is also not shared with third parties, so purchases are also private.
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