Revamped Google Wallet Arrives on iOS

Google this week launched a revamped version of Wallet for iOS, making it easier for iDevice owners to send or request payment via email.

The new Google Wallet for iOS lets users split expenses with friends, manage money on the go, and cash out to a bank account. Just add any U.S. debit card—snap a photo in the app, or manually type the details—then choose the appropriate function and enter one or more email addresses. The service works even when those receiving the payment don't use Google Wallet.

Google updated the Android version last week with a new icon, sleeker design, and more functions—including an activity stream to highlight the sender or recipient, amount, and date of transaction.

On Android, the app is known as Google Wallet (New). The old Google Wallet app is now Android Pay, so those who want to continue using Google Wallet must install the new app.

Android Pay, which arrived earlier this month, is a new NFC-compatible mobile payment option that functions much like Apple Pay, but for Android-based devices. It's available at more than one million locations across the country. Look for it at stores like Aeropostale, American Eagle Outfitters, Babies "R" Us, BJ's Wholesale Club, Bloomingdale's, GameStop, Jamba Juice, Macy's, Office Depot, Panera Bread, Petco, Rite Aid, Sports Authority, Staples, Subway, Walgreens, Toys "R" Us, and Whole Foods.

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Hands On With Google's Android Pay

But why operate two separate services? While Google Wallet largely lets people keep balances and send money to one another, Android Pay can be waved over an in-store terminal to make purchases.

One thing Google Wallet cannot do: loyalty cards. According to the app's product page, the new iOS version has removed support for loyalty cards, gift cards, and offers. Users carrying the bulk of their vouchers in the digital billfold can export them online.