Google Pay was launched during the Google I/O conference in 2015, albeit as Android Pay at the time. The service was later renamed Google Pay and is a mobile and digital wallet payment service developed by US firm Google.
The service is an easy way to pay, where physical bank cards are replaced by a smartphone, tablet or other supported device, such as a smartwatch.
Google Pay works with debit and credit cards issued by the banks which are members of the scheme. When a user creates Google Pay, a token is created— a unique number which is generated for each payment card. This number replaces card details and enables payment to be made without the card number, expiry date and CVV2 code being transferred from the device to the payment terminal. The token could be seen as a digital version of the physical bank card. According to Google, your payment details will be encrypted and secured.
Google Pay uses near-field communication (NFC) and works with payment terminals that accept contactless payments with Visa and Mastercard, both in Norway and abroad. The service can also be used in online stores and apps that offer Google Pay as a payment option.
Through the Multi Channel Invoice solution, Google Pay is offered as a standard delivery channel for invoices. The multichannel platform has readymade integrations for the most widely used payment channels across the Nordic region, and also offers a range of tools for further tailoring of invoice delivery. Today, Multi Channel Invoice is used by many customers for all or part of their invoice distribution process.