Google launches new Wallet app, preps current version for Android Pay

new google wallet
Credit: Derek Walter

Google Wallet will focus more on sending and receiving money, much like Squarecash or Venmo.

Old Google Wallet, meet new Google Wallet. 

As part of the transition from Google Wallet to Android Pay, you might end up with a confusing juxtaposition of apps on your home screen for a few days. That’s because Google launched a new Wallet app, which is focused on sending and receiving money, while the current version will be the one that becomes Android Pay. Incidentally, rumor has it that will go live later today.

google wallet revamps

The old Google Wallet (left) will soon become Android Pay. The new Google Wallet (center, right) is now focused on sending and receiving money to and from others.

If you fire up the current Google Wallet app, you’ll see a notice that it will soon become Android Pay. Google probably opted to go this route to more easily transfer over your payment information stored in Wallet to its Android Pay service.

The story behind the story: Google Wallet beat Apple to the payment game by a couple of years. But as often happens, Apple put out a more polished and accessible option baked into all its iPhones with Apple Pay. In response, Google announced Android Pay at its I/O conference, pledging a smoother and more secure mobile payment option. 

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