Android Pay is finally available in Canada! This is big news. Android users have been looking forward to this for a long time. Google’s mobile wallet application has now launched in Canada with support for major credit cards Visa and Mastercard, with Interac and American Express coming soon. Three of the major Canadian banks (BMO, CIBC, and Scotiabank) are participating in the launch, as well as some of the smaller financial institutions like ATB Financial, PC Financial, Desjardins, and Bank National. It is expected that more banks will start supporting Android Pay as its popularity grows.
So, how does Android Pay work?
Since Android Pay is new, your customers may have questions on how to pay using their smartphone. So, what do your customers need to use Android Pay?
For more consumer education resources, you can refer customers to android.com/pay and support.google.com/androidpay
Why should you offer payment by Android Pay?
The adoption of mobile payments continues to surge ahead. A recent study by Ingenico ePayments and Oxford Ecomomics estimated that mobile payments will grow from around $600 billion to over $1 trillion in the next two years. The same study found that companies that offer mobile payment are growing faster and more profitably than those that don’t. To ensure that your business is ready for Android Pay, review the articles and checklist on the Moneris Insights page.
How can you accept in-app payments from Android Pay?
If you are a Moneris merchant using our e-commerce payment services, follow these steps:
The public key allows Moneris to decrypt Android Pay tokens. The key also needs to be inserted in your application code.
Soon you’ll Be Payment Ready for Android Pay!
Robert is a technical writer in the Product team at Moneris. He writes end-user documentation for a variety of payment solutions, focussing on helping merchants to make the most effective use of our products. He has worked in the technology space for the past 20 years.