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Google Takes Another Stab at Mobile Payments with Android Pay

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At its I/O developer conference today, Google announced Android Pay, a new mobile payment system that effectively replaces the company's wildly unpopular Google Wallet. The Mountain View powerhouse partnered with the three major U.S. cellular carriers -- AT&T, Verizon and T-Mobile -- who will pre-install Android Pay on devices running Android 4.4 KitKat or later, and the solution will be a part of the eventual Android M release. Like Apple Pay, transactions are processed via NFC, replacing your credit card number with a "a virtual account number" to handle payments. It'll be accepted at over 700,000 retailers, and in over 1,000 Android apps.